Breedon Group completed the acquisition of UK assets of CEMEX for c.$235m.

Breedon Group, an AIM-listed British construction materials company, completed the acquisition of the UK assets of CEMEX, a Mexican multinational building materials company, for c.$235m. “This transaction further rebalances our portfolio into our core markets, enhances our profitability, and enables us to continue to focus on deleveraging. We believe the valuation of this transaction is in line with our other recent divestments considering the type and return of the assets sold. With this transaction, our asset sales to date, announced or closed, have now reached close to the mid-range of our $1.5-to-$2bn asset-divestment target under our ‘A Stronger CEMEX’ plan,” Fernando A. Gonzalez, CEMEX CEO. CMA has accepted Breedon's undertakings in lieu of a reference to a Phase 2 investigation in respect of its acquisition of certain assets from CEMEX on December 1, 2020.