# Holcim and Cemex sign binding agreements for European asset swaps

Holcim and Cemex signed binding agreements for a series of transactions in Europe: Holcim will acquire Cemex's operations in Western Germany (including one cement plant, two grinding stations, 22 aggregates locations, 79 ready-mix plants), while Cemex will take over Holcim's business in the Czech Republic and purchase Holcim's Gador cement plant and Yeles grinding station in Spain. Cemex will pay Holcim EUR 45 million in cash.

- Type: Acquisition
- Announced: 2022-02-07
- Where: Western Germany (North Rhine-Westphalia), Germany
- Value: $49.0M (45.0M EUR)
- Status: announced
- Capacity: 2.5 million tonnes cement capacity (Germany), 1.75 million tonnes cement capacity (Spain)
- Products: cement, aggregates, ready-mix concrete
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Holcim](https://endata.com/companies/15354.md)
- [Lafarge S.A.](https://endata.com/companies/15776.md)
- [Holcim](https://endata.com/companies/15354.md) (acquirer)
- [Lafarge S.A.](https://endata.com/companies/15776.md) (target)
- [Cemex](https://endata.com/companies/16140.md) (target)

## Sources

- [holcim.com](https://www.holcim.com/media/media-releases/holcim-and-cemex-sign-binding-agreements-their-series-transactions), 2022-02-07: "Holcim and Cemex today announce that they have agreed on adapted parameters to their series of transactions in Europe."
- [holcim.com](https://www.holcim.com/media/media-releases/a-merger-equals-create-lafargeholcim-most-advanced-group-building-materials-industry), 2022-03-16: "A merger of equals creating the most advanced group in the building materials industry."
- [holcim.com](https://www.holcim.com/media/media-releases/holcim-and-lafarge-formally-notify-proposed-merger-european-commission), 2022-03-17: "Holcim and Lafarge have formally notified the European Commission of their proposed merger in order to obtain regulatory approval."
- [holcim.it](https://www.holcim.it/stampa-e-media/comunicati-stampa-piu-recenti/latest-release/article/holcim-further-optimizes-strategic-portfolio-in-europe), 2022-03-21: "Holcim will purchase operations in the western part of the country - in particular in North Rhine-Westphalia, one of the country’s most prosperous areas."

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