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Mon June 21 2021

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Cemex sells its Thai and Bangladeshi operations

10 Mar 16 Cemex has signed an agreement to sell its operations in Bangladesh and Thailand to Siam City Cement.

The transaction’s proceeds of US$53m (£37m) will be used mainly for debt reduction and for general corporate purposes.

The closing of the agreement is subject to the satisfaction of standard conditions for this type of transactions. Cemex currently expect to finalise the deal during the second quarter of this year.

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