Cemex Holdings Philippines Sells Stake in Swiss-Based Unit for US$900,459

On November 26, 2024, Cemex Holdings Philippines, Inc. (CHP) signed a Share Purchase Agreement with Cemex Innovation Holding AG, an affiliate of Cemex, S.A.B. de C.V., for the sale of all of CHP’s shares in Cemex Asia Research AG (CAR).

CHP and its subsidiaries have secured access to trademarks and intangible assets sublicensed by CAR necessary for their operations independently from CAR and CAR’s functions as a subsidiary of CHP are no longer required by CHP and its subsidiaries.

The terms and conditions of the transaction

Number of shares to be acquired or disposed: 118,849
Percentage to the total outstanding shares of the company subject of the transaction: 100%
Price per share: The total consideration is US$900,459

The above price is deemed "fair market value" based on a third-party valuation report which adopted the cost or asset approach.

Cemex Asia Research AG, is a wholly-owned foreign subsidiary of CHP established in Switzerland. CAR is the licensee under certain license agreements with Cemex and its subsidiaries (other than CHP and its subsidiaries) for certain trademarks and intangible assets which CAR in turn sublicensed to CHP and its subsidiaries in the Philippines.

​Cemex Innovation Holding AG is an affiliate of Cemex, S.A.B. de C.V.

Cemex Holdings Philippines is a leading vertically integrated heavy building materials company focused on four core businesses—Cement, Ready-Mix Concrete, Aggregates, and Urbanization Solutions.