tiprankstipranks
Cemex Sells Stake in Neoris, Maintains Partnership
Company Announcements

Cemex Sells Stake in Neoris, Maintains Partnership

Cemex SAB (CX) has released an update.

Don't Miss our Black Friday Offers:

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.

Related Articles
TheFlyCemex price target lowered to $8.20 from $8.90 at Scotiabank
TheFlyCemex price target lowered to $8.90 from $10 at Scotiabank
TheFlyCemex price target lowered to $8 from $9 at Barclays
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App