CEMEX Continues to be Minority Shareholder in Semen Gresik; Put Option Likely to Expire.Business Editors MONTERREY, Mexico--(BUSINESS WIRE)--Dec. 13, 2001 CEMEX CEMEX Cementos Mexicanos , S.A de C.V. (NYSE NYSE See: New York Stock Exchange :CX) informed today that in light of the Government of Indonesia's decision to postpone post·pone tr.v. post·poned, post·pon·ing, post·pones 1. To delay until a future time; put off. See Synonyms at defer1. 2. To place after in importance; subordinate. the privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned of PT Semen semen or seminal fluid Whitish viscous fluid emitted from the male reproductive tract that contains sperm and liquids (seminal plasma) that help keep them viable. Gresik until next year, CEMEX believes there is a very strong likelihood that the government will not exercise the put option that expires today. Such option grants the Government of Indonesia the right to sell to CEMEX up to its 51% stake in Semen Gresik. CEMEX continues to hold a 25.5% equity participation in Semen Gresik under an agreement signed with the Government of Indonesia, entered into in 1998 and that continues to be in effect. CEMEX is a leading global producer and marketer of cement and ready-mix products, with operations primarily concentrated in the world's most dynamic cement markets across five continents. CEMEX combines a deep knowledge of the local markets with its global network and information technology systems to provide world-class products and services to its customers, from individual homebuilders to large industrial contractors. For more information, visit www.cemex.com. |
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