UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
_______________________
FORM
6-K
REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 or 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
_______________________
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Date
of Report: July 6, 2009
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CEMEX, S.A.B. de C.V.
(Exact
name of Registrant as specified in its charter)
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CEMEX Corp.
(Translation
of Registrant's name into English)
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United Mexican States
(Jurisdiction
of incorporation or organization)
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Av.
Ricardo Margáin Zozaya #325, Colonia Valle del
Campestre
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Garza García, Nuevo León, México 66265
(Address
of principal executive
offices)
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Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
Form
20-F X Form
40-F ___
Indicate
by check mark whether the registrant by furnishing the information contained in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes
____ No
X
If
"Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):
N/A
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Media
Relations
Jorge
Pérez
(52-81)
8888-4334
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Investor
Relations
Eduardo
Rendón
(52-81)
8888-4256
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Analyst
Relations
Luis
Garza
(52-81)
8888-4136
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CEMEX
DECLARES STRABAG WITHDRAWAL NOTICE INVALID
MONTERREY,
MEXICO, July 3, 2009 – CEMEX, S.A.B. de C.V. (NYSE: CX), announced today that on
Wednesday, July 1, 2009, CEMEX received notice from Strabag SE that it was
withdrawing from the Share Purchase Agreement signed between the
companies on June 30, 2008. The Agreement was for the sale of CEMEX Austria and
CEMEX Hungary to Strabag for a consideration of €310 million.
CEMEX
has provided Strabag written notice that it considers its withdrawal notice
invalid due to Strabag’s continued breach of the Agreement. CEMEX believes the
Agreement still to be valid and is considering taking appropriate legal
recourse.
"It is
unfortunate that Strabag is unwilling to fulfil its commitment as specified by
the agreement between our companies,” said Lorenzo Zambrano, Chairman and CEO of
CEMEX.
CEMEX
will continue to pursue its disciplined efforts to regain its financial
flexibility through strategic initiatives, including:
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·
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Divestment
of non strategic assets;
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·
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Implementation
of US$900 million in recurrent cost
savings;
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·
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Rationalization
of capital expenditures; and
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·
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Reduction
of its total debt, and improvement of its debt
profile
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The
most recent milestones CEMEX has achieved include:
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·
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The
June 30, 2009 announcement relating to the significant progress
CEMEX made with its core banks to refinance its outstanding
bank debt;
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·
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The
June 15, 2009 announcement regarding the divestment of Australian assets
to Holcim Group.
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CEMEX
is a global building materials company that provides high-quality products and
reliable service to customers and communities in more than 50 countries
throughout the world. CEMEX has a rich history of improving the well-being of
those it serves through its efforts to pursue innovative industry solutions and
efficiency advancements and to promote a sustainable future. For more
information, visit www.cemex.com.
###
This
press release contains forward-looking statements and information that are
necessarily subject to risks, uncertainties, and assumptions. Many factors could
cause the actual results, performance, or achievements of CEMEX to be materially
different from those expressed or implied in this release, including, among
others, changes in general economic, political, governmental and business
conditions globally and in the countries in which CEMEX does business, changes
in interest rates, changes in inflation rates, changes in exchange rates, the
level of construction generally, changes in cement demand and prices, changes in
raw material and energy prices, changes in business strategy, and various other
factors. Should one or more of these risks or uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary
materially from those described herein. CEMEX assumes no obligation to update or
correct the information contained in this press release.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, CEMEX, S.A.B. de
C.V. has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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CEMEX, S.A.B. de C.V.
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(Registrant)
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Date:
July 6,
2009
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By:
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/s/ Rafael Garza
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Name:
Rafael Garza
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Title:
Chief Comptroller
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