Cemex Divests Guatemala Business to Holcim Group, Stock Up

Cemex, S.A.B. de C.V. (CX) has been witnessing an improvement in investors' sentiment these days on the back of various divestitures and acquisitions announced recently. On Sept. 10, Cemex stock gained 3% after it announced the divestiture of its operations in Guatemala to Holcim Group for approximately $200 million. The deal mainly consists of a grinding mill, which had an installed capacity of nearly 0.6 million metric tons per year at 2023-end, three ready mix plants and five distribution centers. On Sep ...