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Cemex plans Philippines IPO; to sell Bangladesh, Thai ops to Siam City Cement

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Thailand’s second largest cement producer Siam City Cement Pcl (SCCC) has entered into an agreement to acquire Mexico’s cement and construction materials firm Cemex’s operations in Bangladesh and Thailand for $53 million. The proceeds obtained from this transaction will be used mainly for debt reduction and for general corporate purposes,… » The post Cemex plans Philippines IPO; to sell Bangladesh, Thai ops to Siam City Cement appeared first on DealStreetAsia. Via:: Deal Street Asia

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