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Building materials giant Cemex SAB de CV said Thursday it completed the sale of its Australian operations to Holcim Group for proceeds of about $1.7 billion.
Swiss cement maker Holcim AG said Monday it is buying the Australian operations of Mexican rival Cemex SAB de CV for about 2.02 billion Australian dollars ($1.62 billion).
Mexican cement giant Cemex SAB has sold its Canary Islands operations to Spain's Cimpor Inversiones SA for $226.8 million (euro162 million).
Shares of Mexican cement giant Cemex are down after the company announced it swapped less than 20 percent of its short-term debt for longer-term notes.
Venezuela's government seized control of cement plants owned by Mexico's Cemex SAB after failing to reach a deal on compensation terms, marking President Hugo Chavez's latest move to nationalize key sectors of the economy.
Mexican cement maker Cemex SAB de CV says it may sell 16 concrete-pipe manufacturing facilities in Australia to reduce its debt.
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