Breedon Group Plc announces acquisition

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Breedon Group Plc announces acquisition

  • The company has agreed to acquire CEMEX’s UK assets for £155 million in cash along with £23 million of lease liabilities
  • For FY 2018, CEMEX's UK Assets generated revenue of £178 million along with EBITDA of £23 million
  • The transaction will be financed by £350 million of existing revolving credit facility
  • On 8th January 2020, at the time of writing, GMT 11:38 AM, BREE shares were trading at GBX 86.30, up by 4.30 points or 5.24% against the previous day closing price.

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