Cemex to sell Hungarian business to German group

Recycling

Mexican building materials company Cemex signed an agreement to sell its businesses in Hungary and Austria to Germanyʼs Rohrdorfer Group for approximately €160.1 mln, the company said today, according to Hungarian news agency MTI.

Under the agreement, the Mexican company reportedly sold five quarries and 34 ready-mix plants in Hungary. The quarries sold 1.36 million tons of aggregates last year, while the plants sold 460,000 tons of ready-mix, according to MTI. The business had net sales of about $47 mln in 2014, the news agency added.

ADVERTISEMENT

Századvég raises GDP forecast to 7.8% Analysis

Századvég raises GDP forecast to 7.8%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New editor-in-chief at Betone Studio Appointments

New editor-in-chief at Betone Studio

Budapest leaders make public transport free for under-14s City

Budapest leaders make public transport free for under-14s

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.