The Mexican giant CEMEX He announced on Monday that he closed the sale of his operation in Panama for 200 million dollars to the Dominican Star groupas part of a strategy to optimize its portfolio and invest in priority markets.
A “minor part of the resources obtained” by The sale in Panama has been destined to increase the shareholding of CEMEX In American cOuch Aggregatesdedicated to the aggregate industry, “until reaching a majority participation, thus expanding the strategic alliance originally announced in July 2024,” says an official statement.
- The transaction of 200 million dollars in Panama involves cement plant Located in Calzada Largo, Chilibre, which, Cemex as of December 31, 2024, had an installed capacity of cement of approximately 1.2 million metric tons per year, requires CEMEX.
It also includes related assets of cement, PREMED CONCRETEaggregates and the rights to acquire additional reservations for operations in Panama, according to official information.
CEMEX will continue In Panama
CEMEXone of the world’s largest cement companies, says in its statement that it will retain its business of additives in Panamacountry that reached in 1994 with the acquisition of Cement Bayano, in what was first operation in Central America.
Star group
He Star group It is an industrial conglomerate of private property based in the Dominican Republic, with more than 42 years of experience and activities in the area of construction and in energy sectors, health, airport and media in Central America and the Caribbean, according to the official letter.
