<div id="subtitle">Cemex completes $1.7B sale of Australian operations to Holcim in effort to build liquidity</div><div><p>Building materials giant Cemex SAB de CV said Thursday it completed the sale of its Australian operations to Holcim Group for proceeds of about $1.7 billion.</p><p>The company said it plans to use the proceeds to pay off debt and strengthen its liquidity position. This move furthers Cemex's efforts to regain financial flexibility. Earlier the company refinanced $15 billion of debt and offered 1.495 billion ordinary participation certificates, which, including the overallotment option, generated net proceeds of $1.78 billion.</p><p>Shares of the company fell 42 cents, or 3.3 percent, to $12.50 in afternoon trading.</p><img src="http://admatch-syndication.mochila.com/images/ad.gif?aid=60205925&bid=informcom" /></div><div id="copyright"><div>

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