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Investing.com -- Cemex SAB (NYSE:CX), a Mexican cement manufacturer, is looking into the sale of its Colombian operations, Bloomberg reported, citing people familiar with the matter. The company is believed to be exiting from non-core assets to concentrate its efforts on North America and Europe.
The company is said to be working with advisers to measure potential interest in the Colombian business, the people said.
Potential buyers for the Colombian operations could include Holcim Ltd (OTC:HCMLY)., currently the world’s largest cement company, and Cementos Molins, a Spanish firm. The estimated value of the business is thought to be between $700 million and $1 billion, according to the same sources.
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