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Cemex sells 90% of its stake in Axtel to pay down debt

SAN FRANCISCO (MarketWatch) — Mexican cement maker Cemex said Monday it sold about 90% of its stake in telecom company Axtel for about $257 million. Rodrigo Trevino, Cemex chief financial officer, said the proceeds will be used to pay down the company’s debt.
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Original post by Forextvblog

This entry was posted on Monday, March 31st, 2008 at 3:30 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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