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Latin American Economy & Business - February 2015 (ISSN 1741-7430)
Mexico: Cemex considering asset sales
In early February, Fernando González, chief executive of the Monterrey-based Cemex, one of Latin America’s largest multinationals, told Reuters that the group was considering selling off some of its assets in Europe, Asia and the Mediterranean as part of a strategy to pay off debt. Some 5%-10% of Cemex Latam Holdings (CLH) might also be divested, with 50% of the earnings generated also being used to pay debts.
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