Cemex announced this week that it has completed the previously-announced sale of its Canary Islands operations to several Spanish subsidiaries of Cimpor Cimentos de Portugal SGPS, S.A. for €162 million euros (approximately US$226.8 million dollars), €5 million of which is being held in escrow to cover any price adjustments on account of possible contingencies – in addition to a separate payment for the working capital. Proceeds from the sale will be used to reduce debt. JP Morgan and RBS acted as financial advisors to CEMEX in this transaction.

Heidelberg North America completes US acquisitions
Heidelberg Materials North America announced today that it has completed the acquisition of G...