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Cemex SAB de CV (CMXCPO.MX)

CMXCPO.MX on Mexico Stock Exchange

8.19MXN
11:04pm IST
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Latest Key Developments (Source: Significant Developments)

Cemex Signs Final Agreement To Divest Aggregates And Ready-Mix Assets In Germany
Tuesday, 14 May 2019 

May 13 (Reuters) - Cemex SAB de CV ::CEMEX SIGNS FINAL AGREEMENT TO DIVEST AGGREGATES AND READY-MIX ASSETS IN GERMANY.CEMEX SAB DE CV - DEAL FOR APPROXIMATELY EUR 87 MILLION.CEMEX SAB DE CV - ASSETS IN GERMANY BEING DIVESTED CONSIST OF 4 AGGREGATES QUARRIES AND 4 READY-MIX FACILITIES IN NORTH GERMANY.CEMEX SAB DE CV - ASSETS IN GERMANY BEING DIVESTED CONSIST OF 9 AGGREGATES QUARRIES AND 14 READY-MIX FACILITIES IN NORTH-WEST GERMANY.CEMEX SAB DE - SIGNED FINAL AGREEMENT TO SELL ITS AGGREGATES AND READY-MIX ASSETS IN NORTH AND NORTH-WEST REGIONS OF GERMANY TO GP GÜNTER PAPENBURG AG.CEMEX SAB DE CV - PROCEEDS EXPECTED TO BE OBTAINED FROM THIS DIVESTMENT WILL BE USED MAINLY FOR DEBT REDUCTION AND FOR GENERAL CORPORATE PURPOSES..  Full Article

Cemex Sab De Cv Says Issued A Notice Of Full Redemption With Respect To Cemex's 4.375 Pct Senior Secured Notes Due 2023
Monday, 1 Apr 2019 

April 1 (Reuters) - Cemex SAB de CV ::CEMEX SAB DE CV - ISSUED A NOTICE OF FULL REDEMPTION WITH RESPECT TO CEMEX’S 4.375% SENIOR SECURED NOTES DUE 2023.CEMEX SAB DE CV - TOTAL PRINCIPAL AMOUNT OF NOTES TO BE REDEEMED ON APRIL 30, 2019 IS EUR 150 MILLION.CEMEX SAB DE CV - NOTES WILL BE REDEEMED ON APRIL 30, 2019..  Full Article

Cemex SAB de CV Says Signed Agreements To Divest White Cement Business For About $180 Mln
Saturday, 30 Mar 2019 

March 29 (Reuters) - Cemex SAB de CV ::CEMEX SAB DE CV - INFORMED MEXICAN STOCK EXCHANGE IT SIGNED AGREEMENTS TO DIVEST ITS WHITE CEMENT BUSINESS TO CIMSA CIMENTO FOR ABOUT $180 MILLION.CEMEX SAB DE CV - DIVESTMENT MAINLY INCLUDES CEMEX’S BUÑOL WHITE CEMENT PLANT IN SPAIN AND CEMEX’S WHITE CEMENT INTERNATIONAL BUSINESS.CEMEX SAB DE CV - DIVESTMENT DOES NOT INCLUDE WHITE CEMENT BUSINESS IN MEXICO AND IN U.S. AND ITS MINORITY INVESTMENT, MAINLY, IN LEHIGH WHITE CEMENT.CEMEX SAB DE CV - PROCEEDS FROM DIVESTMENT WOULD BE MAINLY USED FOR DEBT REDUCTION AND GENERAL CORPORATE PURPOSES.  Full Article

Cemex USA Is Providing Concrete Along With Thousands Of Tons Of Aggregates For Replacement Of Sixth Street Viaduct Bridge
Friday, 29 Mar 2019 

March 28 (Reuters) - Cemex SAB de CV ::ANNOUNCED IT IS PROVIDING CONCRETE ALONG WITH THOUSANDS OF TONS OF AGGREGATES FOR REPLACEMENT OF SIXTH STREET VIADUCT BRIDGE.CEMEX IS EXPECTED TO SUPPLY 45,000 CUBIC YARDS OF READY-MIX CONCRETE FOR SIXTH STREET VIADUCT REPLACEMENT PROJECT.  Full Article

CEMEX Reaches Binding Agreement To Divest White Cement Business
Wednesday, 20 Mar 2019 

March 20 (Reuters) - Cemex SAB de CV ::CEMEX REACHES BINDING AGREEMENT TO DIVEST WHITE CEMENT BUSINESS.DEAL FOR FOR APPROXIMATELY US$180 MILLION.CURRENTLY EXPECTS IT COULD SIGN FINAL AGREEMENT DURING APRIL 2019 AND CLOSE THIS DIVESTMENT DURING SECOND HALF OF 2019.PROPOSED DIVESTMENT DOES NOT INCLUDE CEMEX'S WHITE CEMENT BUSINESS IN MEXICO AS WELL AS INVESTMENT IN LEHIGH CEMENT IN U.S..PROCEEDS EXPECTED TO BE OBTAINED FROM DIVESTMENT WOULD BE MAINLY USED FOR DEBT REDUCTION & GENERAL CORPORATE PURPOSES.REACHED AGREEMENT WITH ÇIMSA ÇIMENTO SANAYI VE TICARET A.S. TO DIVEST CO'S WHITE CEMENT BUSINESS, INCLUDING ITS BUÑOL CEMENT PLANT IN SPAIN.  Full Article

Cemex Commences Stock Repurchase Program
Thursday, 29 Nov 2018 

Nov 28 (Reuters) - Cemex SAB de CV ::CEMEX COMMENCES STOCK REPURCHASE PROGRAM.CEMEX SAB DE CV - MEETING APPROVED REPURCHASE OF UP TO $500 MILLION OF CO'S SHARES UNTIL CEMEX'S GENERAL ORDINARY SHAREHOLDERS' MEETING TO BE HELD IN 2019.  Full Article

Cemex Consolidated Q3 Net Sales Increased By 8 Pct To $3.7 Bln
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Cemex SAB de CV ::CEMEX REPORTS 8% INCREASE IN SALES AND 2% IN OPERATING EBITDA DURING THE THIRD QUARTER OF 2018.CEMEX SAB DE CV - CONSOLIDATED NET SALES INCREASED BY 8% DURING Q3 OF 2018 TO US$3.7 BILLION.CEMEX SAB DE CV - OPERATING EBITDA, ALSO ON A LIKE-TO-LIKE BASIS, INCREASED BY 2% DURING Q3 OF 2018, REACHING US$704 MILLION.CEMEX SAB DE CV - OPERATING EARNINGS BEFORE OTHER EXPENSES, NET, IN Q3 INCREASED BY 2%, TO US$490 MILLION ON A LIKE-TO-LIKE BASIS.CEMEX SAB DE CV - INTEND TO PROPOSE AT ANNUAL SHAREHOLDERS' MEETING NEXT YEAR CASH DIVIDEND PROGRAM FOR SHAREHOLDERS STARTING IN 2019 OF $150 MILLION.CEMEX SAB DE CV - INCREASE IN Q3 SALES DUE TO HIGHER PRICES OF PRODUCTS, IN LOCAL CURRENCY TERMS IN MOST OF CO'S REGIONS.CEMEX SAB DE CV - ON COST-REDUCTION EFFORTS, EXPECT TO IMPLEMENT DIFFERENT INITIATIVES BY END OF THE YEAR.CEMEX SAB DE CV - INCREASE IN Q3 SALES ALSO DUE TO HIGHER VOLUMES IN MEXICO, U.S., AND OUR EUROPE AND ASIA, MIDDLE EAST & AFRICA REGIONS.  Full Article

Cemex Posts 32 Pct Increase In Q2 Net Income
Thursday, 26 Jul 2018 

July 26 (Reuters) - Cemex SAB de CV ::CEMEX ANNOUNCES AN INCREASE IN NET INCOME OF 32% DURING THE SECOND QUARTER AND A COMPREHENSIVE PLAN TO ENHANCE TOTAL SHAREHOLDER RETURN.CONTROLLING INTEREST NET INCOME DURING THE QUARTER WAS US$382 MILLION FROM AN INCOME OF US$288 MILLION IN THE SAME PERIOD OF 2017..OPERATING EARNINGS BEFORE OTHER EXPENSES, NET, IN THE SECOND QUARTER INCREASED BY 8%, TO US$504 MILLION ON A LIKE-TO-LIKE BASIS..ON A LIKE-TO-LIKE BASIS FOR ONGOING OPERATIONS AND ADJUSTING FOR CURRENCY FLUCTUATIONS, CONSOLIDATED NET SALES INCREASED BY 7% TO US$3.8 BILLION.QTRLY TOTAL DEBT PLUS PERPETUAL NOTES DECREASED BY US$462 MILLION DURING THE QUARTER.QTRLY OPERATING EBITDA ON A LIKE-TO-LIKE BASIS INCREASED BY 4% DURING QUARTER COMPARED TO SAME PERIOD IN 2017, TO US$714 MILLION.DURING NEXT 2.5 YEARS, TO WORK TO OPTIMIZE PORTFOLIO AND SELLING BETWEEN US$1.5 AND 2 BILLION OF ASSETS.ANNOUNCING PLAN DESIGNED TO REPOSITION OUR PORTFOLIO TOWARD HIGHER GROWTH.TO ALSO IMPLEMENT ACTIONS TO ACHIEVE US$150 MILLION IN COST SAVINGS AS AN OPPORTUNITY TO CONTINUE IMPROVING PROFITABILITY.TO RETURN CAPITAL TO SHAREHOLDERS THROUGH AN ANNUAL CASH DIVIDEND STARTING WITH US$150 MILLION IN 2019.  Full Article