Çimsa to acquire CEMEX Buñol white cement plant in Spain for $180M

Çimsa, a subsidiary of Sabancı Holding, signed a binding agreement to acquire CEMEX's Buñol White Cement Plant in Valencia, Spain for $180 million. The sale is expected to close in the second half of 2019.

“Mexican company CEMEX, one of the world's leading cement producers, has agreed to sign a 'binding agreement' for the sale of its Buñol White Cement Plant in Valencia (Spain) to Çimsa for US$180 million.”prnewswire.com

• 3 sources
• prnewswire.comÇimsa to Buy CEMEX Buñol White Cement Plant in Spain for US$180 MillionSabanci HoldingMar 21, 2019
• dailysabah.comTurkish cement producer to buy CEMEX's Spain plant for $180m | Daily SabahDaily SabahMar 21, 2019
• prnewswire.comÇimsa Signs Acquisition Agreement for Buñol, the Most Technologically Advanced White Cement Plant in EuropeÇimsaMar 30, 2019

Summarized from public sources; check the original articles before acting on it.