UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
_______________________
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
_______________________
Date
of Report: June 15, 2009
CEMEX, S.A.B. de
C.V.
(Exact
name of Registrant as specified in its charter)
CEMEX
Corp.
(Translation
of Registrant's name into English)
United Mexican
States
(Jurisdiction
of incorporation or organization)
Av.
Ricardo Margáin Zozaya #325, Colonia Valle del Campestre
Garza García, Nuevo León,
México 66265
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
Form
20-F X
Form 40-F ___
Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
____ No X
If
"Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
N/A
|
Media
Relations
Jorge
Pérez
(52-81)
8888-4334
|
Investor
Relations
Eduardo
Rendón
(52-81)
8888-4256
|
Analyst
Relations
Luis
Garza
(52-81)
8888-4136
|
CEMEX
REACHES AGREEMENT TO SELL
ITS
AUSTRALIAN OPERATIONS
MONTERREY, MEXICO, June 15, 2009
– CEMEX, S.A.B. de C.V. (NYSE: CX), announced today that it has reached
an agreement to sell its Australian operations to Holcim Group for approximately
A$2.02 billion. The agreement is subject to fulfillment of various closing
conditions, including confirmatory due diligence, regulatory approvals and funds
from buyer financing being disbursed, among others. The maximum period of time
to meet all closing conditions is six months.
CEMEX
is one of the leading producers of aggregates, ready-mix concrete and concrete
pipe in Australia. The assets to be divested consist of 249 ready-mix concrete
plants, 83 aggregates quarries and 16 concrete pipe and products plants - a
total of 348 facilities located throughout Australia. These operations generated
revenues and EBITDA in 2008 of approximately A$1.86 billion and A$313 million,
respectively. The sale also includes CEMEX’s 25% stake in Cement Australia.
Cement Australia’s has an annual production capacity of 5.1 million tons of
cement, including the expansion under construction in the Gladstone plant, and
its assets include four cement plants and one grinding mill.
BBVA,
BNP Paribas, Citi, HSBC, Santander and The Royal Bank of Scotland, plc, are
acting as financial advisors to CEMEX in this transaction.
This
divestment is part of CEMEX’s overall strategy to improve its financial
flexibility, which includes:
|
·
|
Implementation
of US$900 million in recurrent cost
savings;
|
|
·
|
Rationalization
of capital expenditures; and
|
|
·
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Reduction
of its total debt, and improvement of its debt
profile.
|
CEMEX
is a global building materials company that provides high-quality products and
reliable service to customers and communities in more than 50 countries
throughout the world. CEMEX has a rich history of improving the well-being of
those it serves through its efforts to pursue innovative industry solutions and
efficiency advancements, and to promote a sustainable future. For more
information, visit www.cemex.com.
###
This
press release contains forward-looking statements and information that are
necessarily subject to risks, uncertainties, and assumptions. Many factors could
cause the actual results, performance, or achievements of CEMEX to be materially
different from those expressed or implied in this release, including, among
others, changes in general economic, political, governmental and business
conditions globally and in the
countries
in which CEMEX does business, changes in interest rates, changes in inflation
rates, changes in exchange rates, the level of construction generally, changes
in cement demand and prices, changes in raw material and energy prices, changes
in business strategy, and various other factors. Should one or more of these
risks or uncertainties materialize, or should underlying assumptions prove
incorrect, actual results may vary materially from those described herein. CEMEX
assumes no obligation to update or correct the information contained in this
press release.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, CEMEX, S.A.B. de
C.V. has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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CEMEX,
S.A.B. de C.V.
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||||
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(Registrant)
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Date:
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June
15, 2009
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By:
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||
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Name:
Rafael Garza
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||||
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Title:
Chief Comptroller
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