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  • Mexico's Cemex May Sell Two U.S. Plants to Brazil

    11/15/2004 9:43:30 AM PST · by Willie Green · 63 replies · 1,224+ views
    Forbes ^ | 11.15.2004 | Associated Press
    For education and discussion only. Not for commercial use. Mexican cement company Cemex SA said Monday it has signed a letter of intent to sell two cement plants in the U.S. to Brazil's Grupo Votorantim for US$400 million (euro308 million.) In a news release, Cemex said it began evaluating options for the Charlevoix and Dixon-Marquette cement plants at the beginning of the year, after reviewing its strategic position in the United States. Votorantim presented a non-binding offer for the cement plants as well as related operating assets in the Great Lakes area. The deal was expected to close in the...