Cemex recently announced that one of its subsidiaries has signed an agreement for the sale of certain assets in the United Kingdom to the Breedon Group (Breedon), for a total consideration of approx. U.S.$ 235 million, which includes approx. U.S.$ 31 million of debt. The active assets being divested consist of 49 ready-mix plants, 28 aggregate quarries, four depots, one cement terminal, 14 asphalt plants, and four concrete products operations. Part of Cemex's Paving Solutions business in the United Kingdom, together with some inactive sites, are also included in the sale to Breedon. After completion of the divestiture, Cemex will still retain a substantial integrated business in the United Kingdom encompassing, among other things, cement production, ready-mix concrete, aggregates, asphalt, and paving solutions.
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