CEMEX and QUIKRETE Finalize Sale of U.S. Reinforced Concrete Pipe Manufacturing Business

El Carmen CelebratesMONTERREY, Mexico–(BUSINESS WIRE)–Cemex, S.A.B. de C.V. (“CEMEX”) (NYSE:CX) announced today that one of its subsidiaries in the U.S. has closed the divestment of its U.S. Reinforced Concrete Pipe Manufacturing Business to Quikrete Holdings, Inc. for approximately U.S.$500 million. The transaction also includes a potential addition of U.S. $40 million to the purchase price contingent on future performance.

.@CEMEX closed the sale of its US Concrete Pipe Business to @QUIKRETE for approximately US$500 million

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The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes.

Bank of America Merrill Lynch and Citigroup Global Markets Limited are acting as financial advisors to CEMEX in this transaction.

CEMEX is a global building materials company that provides high quality products and reliable service to customers and communities in more than 50 countries. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future.

For more information on CEMEX, please visit: www.cemex.com

This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties and assumptions. CEMEX assumes no obligation to update or correct the information contained in this press release.

Contacts

Cemex, S.A.B. de C.V.
Media Relations:
Jorge Pérez, +52 (81) 8888-4334
mr@cemex.com
or
Investor Relations:
Eduardo Rendón, +52 (81) 8888-4256
ir@cemex.com
or
Analyst Relations:
Lucy Rodriguez, +1 (212) 317-6007
ir@cemex.com

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