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| Cemex completes sale of assets in Canary Islands Mexico's Cemex has completed the previously-announced sale of its Canary Islands operations to several Spanish subsidiaries of Cimpor Cimentos de Portugal SGPS, S.A. for €162 million euros (approximately US$226.8 million dollars), €5 million of which is being held in escrow to cover any price adjustments on account of possible contingencies - in addition to a separate payment for the working capital. write your comments about the article :: © 2009 Construction News :: home page |