The aggregates and ready-mix assets, which are in the north and north-west regions of Germany, are being sold to GP G眉nter Papenburg.
Cemex is selling four quarries and four ready-mix facilities in the north of the country and nine quarries and 14 ready-mix facilities in the north-west.
The proceeds will be used mainly for debt reduction and for general corporate purposes.
The deal is expected to close this quarter.
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