Mayer Brown represented CEMEX S.A.B. de C.V. in the sale by Sunbulk Shipping, S.L.U, a Spanish subsidiary of CEMEX, of all of the shares it owns in Cemex Dominicana, S.A. and Transportes San Pedro, SRL to a consortium led by Cementos Progreso Holdings, S.L. for total consideration of approximately $950 million.

The transaction will affect the sale of the entirety of CEMEX’s cement, concrete, and aggregates business in the Dominican Republic, and includes Cemex’s export businesses in Haiti. The transaction is expected to close during Q4 of 2024.

The team was led by partners Jon-Paul Bernard and Gabriel Salinas, and included partner Oral Pottinger and associates Brian E. Saleeby, Marco Portillo Diaz, and Colin Rivera.