Cemex權衡轉讓歐洲資產
有關分析人員說,若Cemex控制了RMC集團,該公司將開始調查看是否能找到一些沒有什么戰略影響的資產,然后轉讓這些資產。剛宣布的Cemex美國水泥廠的轉讓表明了該公司并不反對以合適的價格轉讓部分財產。公司有關人士并不確定Cemex將轉讓多少歐洲資產,但他們表示不希望看到Cemex再轉讓美國或拉丁美洲的財產。
據中國水泥網了解,象德國這樣成熟的水泥市場,Cemex公司在那里沒有業務,因此Cemex由于RMC公司在德國的經營所獲得的價值就要比其它大集團獲得的要少, 很明顯,削減部分其它財產相對德國的所得要小很多。
原文:
Mexico's Cemex seen weighing European asset sales
MEXICO CITY, Nov 16 (Reuters) - Mexico's Cemex , the world's No. 3 cement maker, is seen selling some European assets once it completes the $5.8 billion acquisition of British ready-mix giant RMC Group.
Cemex's announcement it would sell two U.S. cement plants to Brazil's Votorantim Cimentos for $400 million could be the first in a chain of divestitures especially in countries where Cemex cannot make deep cost cuts, analysts said.
"Once Cemex has control of RMC....it is going to start to investigate operation by operation and it is possible that it finds some assets that do not make strategic sense... and could sell them," said BBVA-Bancomer analyst Carlos Perezalonso.
"I do not rule out that once it has RMC next year it could sell some European assets," Perezalonso said. "I don't see Cemex selling anything more in Latin America or in the United States."
But the sale to Votorantim of two plants in the Great Lakes region of the United States, also suggests that Cemex is not opposed to letting go of assets at the right price.
"Mature markets like Germany, where Cemex has no operations and scarce synergies with the rest of its operations could be divested in the future," Peyrelongue said. "Other large players in Germany might be able to extract more value to RMC's operations in Germany than Cemex."
"Quite definitely, it could be prepared to divest some other assets but they would be smaller," said Vector analyst Carlos Hermosillo.
(中國水泥網 轉載請注明出處)
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