About Us - Press Release - CEMEX to divest stake in Semen Gresik
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publishDate1 Thu, 04 May 2006 21:49:00 +0000
publishDate2 May 4, 2006 9:49:00 PM
publishDate3 May 4, 2006
May 4, 2006
CEMEX, S.A. de C.V. (NYSE: CX) announced today that it has agreed to sell 24.9% of PT Semen Gresik to Indonesia-based Rajawali Group. PT Semen Gresik is a publicly traded company on the Jakarta Stock Exchange and trades under the ticker symbol "SMGR".
According to the terms of the agreement, Rajawali Group will pay CEMEX US$337 million, or US$2.28 per share. This transaction is subject to the approval of the Indonesian government and fulfillment of other conditions.
CEMEX is a growing global building solutions company that provides high quality products and reliable service to customers and communities in more than 50 countries throughout the world. Commemorating its 100th anniversary in 2006, 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.
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