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Cemex joins GCC corporate restructuring

Aug. 29, 2016 7:49 AM ETCEMEX, S.A.B. de C.V. (CX) StockCX, GCWOFBy: Yoel Minkoff, SA News Editor2 Comments
  • Cemex (NYSE:CX) is participating in the proposed corporate restructuring of Grupo Cementos de Chihuahua (OTCPK:GCWOF), in which it currently owns an indirect minority interest.
  • Following the restructuring, Cemex will directly own 23% of the outstanding share capital of GCC and, additionally, own a minority interest in CAMCEM, an entity which in turn will own a majority interest in GCC.

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