Reported about 5 hours ago
Cemex SAB is reportedly exploring the sale of its Colombian cement business as it shifts focus to core markets in North America and Europe. The company, based in Monterrey, Mexico, is assessing interest from potential buyers, including industry leaders such as Holcim and Cementos Molins. The valuation of the Colombian operations could be between $700 million to $1 billion, though talks are in early stages and may not result in a sale. Cemex aims to rebalance its portfolio and has previously sold significant assets in emerging markets.
Source: YAHOO