Bladex announced the successful closing of a syndicated loan totaling US$206 million in favor of Cemento Panam. This financing is specifically designated to support Cemento Panam's acquisition of CEMEX's operations in Panama.
This transaction indicates that Cemex has divested its operations in Panama, aligning with its ongoing strategy to streamline its portfolio. The divestiture allows Cemex to further concentrate its resources on its core, higher-growth markets.
The sale of its Panama operations contributes to Cemex's disciplined capital allocation framework. This move is part of the company's broader effort to rebalance its asset base and enhance overall financial efficiency.
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