# SCHWENK Zement agrees to acquire CEMEX assets in Baltics and Nordics for €340M

SCHWENK Zement KG entered into an agreement to acquire CEMEX's assets in the Baltics and Nordics for approximately €340 million, including a cement plant in Broceni, Latvia, and interests in a plant in Lithuania, plus terminals in Finland, Norway, and Sweden.

- Type: Acquisition
- Announced: 2019-02-20
- Where: Baltics and Nordics, Latvia
- Value: $386.0M (340.0M EUR)
- Status: announced
- Capacity: 1.7 Mt cement capacity in Broceni; 1.8 Mt in Akmene
- Products: cement, aggregates, ready-mix concrete
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Cemex](https://endata.com/companies/16140.md) (target)
- [Schwenk Zement](https://endata.com/companies/22655.md) (acquirer)

## Sources

- [sa.marketscreener.com](https://sa.marketscreener.com/quote/stock/CEMEX-S-A-B-DE-C-V-6492888/news/SCHWENK-Zement-KG-entered-into-an-agreement-to-acquire-Assets-in-the-Baltics-and-Nordics-from-CEMEX-34416304/), 2019-02-19: "SCHWENK Zement KG entered into an agreement to acquire Assets in the Baltics and Nordics of CEMEX for approximately €340 million"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.