Cemex sells Hungary, Austria units to Strabag for €310 mln

Recycling

Mexican cement giant Cemex on Thursday announced it reached an agreement to sell its units in Hungary and Austria to Austrian construction company Strabag.

The transaction will be closed pending approval by regulatory authorities and Strabag’s supervisory board. Cemex Hungaria, which generated revenue of €61 million in 2007, is Hungary’s second-biggest cement company. It operates 40 finished product plants, five mixing plants and eight quarries. Last year, Cemex set up a service centre in Budapest for the back-office activities of all of its European units. (MTI-Econews)

ADVERTISEMENT

European e-commerce soars during pandemic - study Analysis

European e-commerce soars during pandemic - study

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.