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
_______________________
For
the month of December, 2007.
Commission
File Number 001-14946
CEMEX
Corp.
(Translation
of registrant's name into English)
Av.
Ricardo Margáin Zozaya #325, Colonia Valle del Campestre
Garza García, Nuevo León, México
66265
(Address
of principal executive office)
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 if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1): ___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7): ___
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
Ricardo
Sales
(212)
317-6008
|
Australian
Media Contact
Martin
Debelle
(61-2)
9252-0622
|
CEMEX
COMPLETES SALE OF U.S. ASSETS REQUIRED BY D.O.J
· Negotiations
Regarding Other Assets Terminated
MONTERREY,
MEXICO, November 30, 2007 - CEMEX, S.A.B. de C.V. (NYSE: CX) announced
today that it has completed the sale of its operations in Arizona and Florida,
as required by the U.S. Department of Justice in association with the Rinker
Group Limited acquisition, to CRH plc, the Ireland-based international building
materials group.
CEMEX
acquired Rinker in July 2007. As a condition of U.S. regulatory approval,
the
U.S. Department of Justice required CEMEX to sell 39 ready-mix concrete and
aggregate facilities in Arizona and Florida. The value of the transaction
is
approximately US$250 million.
CEMEX
will use the proceeds from the sale of these assets to reduce debt.
The
Florida operations being divested comprise 26 ready-mix concrete plants and
6
block plants. The ready-mix concrete business operates in five market areas
-
Tampa, Southwest Florida, Orlando, Jacksonville and the Florida Panhandle
-
while the block business operates primarily in the Tampa/St. Petersburg and
Fort
Myers/Naples areas. In Arizona, the operations comprise 2 quarries and 5
ready-mix concrete locations, principally in the Tucson area.
CEMEX
and CRH terminated discussions relating to the potential sale of additional
operations due to disagreement over the value of the assets.
CEMEX
announced on November 13, 2007, that it is in negotiations with Ready Mix
USA, a
private ready-mix concrete company with operations in the Southeastern United
States, to expand the scope of their ready-mix joint venture formed in July
2005.
CEMEX
intends to contribute assets valued at approximately $150 million to the
joint
venture and intends to sell additional assets to the joint venture for
approximately $227 million in cash. As part of the transaction, Ready Mix
USA
intends to make a $150 million cash contribution to the joint venture. Ready
Mix
USA will manage all the newly acquired assets. Following the transaction,
the
joint venture will continue to be owned 50.01% by Ready Mix USA and 49.99%
by
CEMEX.
CEMEX
is a growing 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, weather conditions, 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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(Registrant)
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|||||
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Date:
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December
4, 2007
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By:
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/s/
R. Garza
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Name:
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Rafael
Garza
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|||||
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Title:
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Chief
Comptroller
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