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
_______________________
Date
of Report: April 1, 2008
CEMEX, S.A.B. de
C.V.
(Exact
name of Registrant as specified in its charter)
CEMEX
Corp.
(Translation
of Registrant's name into English)
United Mexican
States
(Jurisdiction
of incorporation or organization)
Av.
Ricardo Margáin Zozaya #325, Colonia Valle del Campestre
Garza García, Nuevo León,
México
66265
(Address
of principal executive offices)
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
|
Media
Relations
Jorge
Pérez
(52-81)
8888-4334
|
Investor
Relations
Eduardo
Rendón
(52-81)
8888-4256
|
Analyst
Relations
Luis
Garza
(52-81)
8888-4136
|
CEMEX
ANNOUNCES SALE OF STAKE IN AXTEL
MONTERREY, MEXICO, March 31, 2008 - CEMEX, S.A.B. de C.V.
(NYSE: CX) announced today the sale, through a subsidiary, of 119,000,000 CPOs
of AXTEL S.A.B. de C.V., which represents 9.5% of the equity capital of AXTEL.
Proceeds from the sale were approximately US$257 million. The sale represents
approximately 90% of CEMEX’s position in AXTEL which had been part of the
company’s long-term investments.
CEMEX
entered into a forward contract on AXTEL’s stock price, which is payable in cash
and will allow CEMEX to benefit from future stock appreciation.
Rodrigo
Treviño, CEMEX’s Chief Financial Officer, said, “We feel optimistic about
AXTEL’s bright future. The stock sale through the proposed mechanism will allow
us to obtain US$257 million in cash that will be used to reduce debt, while
keeping the possibility of benefiting from the potential stock
appreciation.”
CEMEX
is a growing 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, weather conditions, 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:
April 1, 2008
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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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