About Us - Press Releases - CEMEX closes sale of Ventika stake
December 15, 2016
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced today that the company closed the divestment of its interest in the Ventika wind farm project. CEMEX will receive approximately U.S.$35 million mainly for the divestment of its equity minority interest in Ventika.
IEnova acquired 100% of the equity in Ventika from Blackstone Energy Partners, Fisterra Energy, and other minority shareholders, including CEMEX.
CEMEX Energia will remain as the manager of the Ventika windfarm facilities.
The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes.
CEMEX is a global building materials company that provides high quality products and reliable service to customers and communities in more than 50 countries. Celebrating its 110th anniversary, CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future.
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