Holcim To Buy Cemex Australia For $1.6B

Holcim, the Swiss cement manufacturer, agreed to acquire Cemex Australia, the Australian concrete products manufacturer, for $1.6 billion. The acquisition will enable Holcim to expand its aggregates and concrete business into the Australian market. UBS Investment Bank advised Holcim, while HSBC, Citigroup and BNP Paribas advised Cemex Australia.