CEMEX Divests Investment in Semen Gresik.MONTERREY, Mexico -- CEMEX, S.A.B. de C.V. (NYSE NYSE See: New York Stock Exchange : CX) announced today that it has divested a 24.9% interest in PT Semen Gresik to Indonesia-based Rajawali Group for approximately US$337 million, or US$2.28 per share. CEMEX and the Indonesian government have agreed to settle the arbitration case before the International Centre for Settlement of Investment Disputes The International Centre for Settlement of Investment Disputes (ICSID), an institution of the World Bank group based in Washington, D.C., was founded in 1966 pursuant to the . PT Semen Gresik is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. on the Jakarta Stock Exchange Jakarta Stock Exchange Established in 1977, the largest securities exchange in Indonesia. and trades under the ticker symbol "SMGR". CEMEX is a growing global building solutions company that provides high quality products and reliable service to customers and communities in more than 50 countries throughout the world. Commemorating its 100th anniversary in 2006, CEMEX has a rich history of improving the well-being of those it serves through its efforts to pursue innovative industry solutions and efficiency advancements and to promote a sustainable future. For more information, visit www.cemex.com. |
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