# 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.

- Type: Acquisition
- Announced: 2019-03-21
- Where: Buñol, Valencia, Spain
- Value: $180.0M
- Status: announced
- Products: white cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Cemex](https://endata.com/companies/16140.md) (target)
- [Çimsa](https://endata.com/companies/24351.md) (acquirer)
- [Sabancı Holding](https://endata.com/companies/37455.md) (investor)
- [Sabancı Holding](https://endata.com/companies/37455.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/cimsa-to-buy-cemex-bunol-white-cement-plant-in-spain-for-us180-million-300815865.html), 2019-03-21: "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."
- [dailysabah.com](https://www.dailysabah.com/business/2019/03/22/turkish-cement-producer-to-buy-cemexs-spain-plant-for-180m), 2019-03-21: "We are proud to become a world leader today as Sabancı with our new investment in the cement business that we have been in for nearly 50 years."
- [prnewswire.com](https://www.prnewswire.com/news-releases/cimsa-signs-acquisition-agreement-for-bunol-the-most-technologically-advanced-white-cement-plant-in-europe-300821220.html), 2019-03-30: "We have completed the acquisition process and are stepping into the world league with Çimsa."

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