CEMEX announced that the Colombian Financial Superintendency (Superintendencia Financiera De Colombia) (the “SFC”) authorized CEMEX España, S.A. (“CEMEX España” or the “Offeror”), an indirect Spanish subsidiary of CEMEX, to commence a tender offer of a maximum of 149,610,106 ordinary shares of CEMEX LATAM HOLDINGS, S.A. (“CEMEX Latam”) worth about US$ 125,6 million.

In accordance with the information publicly available through the Colombian National Register of Securities and Issuers (Registro Nacional de Valores y Emisores), the offer is directed to all CEMEX Latam shareholders (except for shares either owned by CEMEX España or by CEMEX Latam) for a purchase price of 3,250COP$ per ordinary share of CEMEX Latam, on the terms and subject to the conditions to be set forth in the Offer Documents. Pursuant to Colombian regulations, trading of shares of CEMEX Latam will be reactivated as of October 30, 2020.

On October 28, CEMEX Latam reported a quarterly EBITDA increase of 19 % YoY, and CEMEX, S.A.B. de C.V. reported highest quarterly EBITDA, EBITDA Margin and FCF since 2016.