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: November 7, 2008
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
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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
|
Monterrey,
Mexico.
November 7, 2008 - CEMEX, S.A.B. de C.V. (NYSE: CX), announced today that
it has reached an agreement to sell its Canary Islands operations to Cimpor
Inversiones, S.A., a Spanish investment holding company that is a subsidiary of
Cimpor Cimentos de Portugal SGPS SA, for approximately €162 million euros
(US$211 million dollars) in addition to a separate payment for the working
capital. Closing of the transaction is subject to the approval of Spanish
regulatory authorities.
The scope of the
transaction includes CEMEX's cement and ready-mix assets in Tenerife and 50% of
the shares in two joint-ventures, Cementos Especiales de las Islas, S.A. (CEISA)
and Inprocoi, S.L. These operations together generated approximately €189
million euros (US$260 million dollars) in revenues during 2007.
CEMEX manages directly and
through its joint-ventures in the Canary Islands 2 grinding mills and 19 other
plants including ready-mix, mortar and precast facilities.
Proceeds from the sale
will be used to reduce debt.
J.P. Morgan and RBS acted
as financial advisors to CEMEX in this transaction.
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, 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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Date:
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November
7, 2008
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By:
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/s/
Ramiro G. Villarreal
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Name: Ramiro
G. Villarreal
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Title:
Senior Vice-president and General
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|||||
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Counsel
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