Cemex SAB (CX) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
In a strategic move, Cemex S.A.B. de C.V., a major player in the building materials industry, has announced the sale of its roughly 34.8% stake in Neoris N.V. for a cash consideration of approximately $209 million, with the transaction expected to close by the end of 2024. Despite this divestiture, Cemex will maintain its commercial relationship with Neoris post-sale, ensuring ongoing collaboration between the two entities.
For further insights into CX stock, check out TipRanks’ Stock Analysis page.
