Cemex to sell Hungarian business to German group
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.
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