An unknown buyer acquired 9.47% stake in Grupo Cementos de Chihuahua, S.A.B. de C.V. (BMV:GCC *) from CEMEX, S.A.B. de C.V. (BMV:CEMEX CPO) for approximately $170 million.
September 26, 2017
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An unknown buyer acquired 9.47% stake in Grupo Cementos de Chihuahua, S.A.B. de C.V. (BMV:GCC *) from CEMEX, S.A.B. de C.V. (BMV:CEMEX CPO) for approximately $170 million on September 27, 2017. As part of the deal, CEMEX sold 31.5 million shares in Grupo Cementos de Chihuahua. Post transaction, Grupo Cementos de Chihuahua holds no stake. Proceeds from the sale will be used mainly for debt reduction and for general corporate purposes.
CEMEX, S.A.B. de C.V. (BMV:CEMEX CPO) completed the sale of 9.47% stake in Grupo Cementos de Chihuahua, S.A.B. de C.V. (BMV:GCC *) on September 27, 2017.
GCC SAB de CV, formerly known as Grupo Cementos de Chihuahua SAB de CV, is a Mexico-based company primarily engaged in the construction materials sector. The Company foocuses on the production and marketing of cement and other related building materials. The Companyâs product portfolio includes Portland grey cements, ready-mixed concrete, gypsum, additives and limestone aggregates, as well as such prefabricated products as walls, architectural concrete blocks and paving stones, among others. The Company also offers technical support and assistance for the installation of its prefabricated structures. The Company operates in Mexico and the United States, through such subsidiaries as GCC Comercial SA de CV, GCC Concreto SA de CV, GCC Rio Grande Inc, GCC Dacotah Inc, GCC Alliance Concrete Inc, Mid Continent Concrete Inc and Consolidated Ready Mix Inc.
GCC, S.A.B. DE C.V. 
