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: December 29, 2008
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CEMEX, S.A.B. de C.V.
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(Exact
name of Registrant as specified in its charter)
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CEMEX Corp.
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(Translation
of Registrant's name into English)
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United Mexican States
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(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
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(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
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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
Perez
(52-81)
8888-4334
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Investor
Relations
Eduardo
Rendon
(52-81)
8888-4256
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Analyst
Relations
Luis
Garza
(52-81)
8888-4136
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CEMEX
COMPLETES SALE
OF
ASSETS IN CANARY ISLANDS
Monterrey,
Mexico. December 29, 2008 - CEMEX, S.A.B. de C.V. (NYSE: CX), announced
today that it has completed the previously-announced sale of its Canary Islands
operations to several Spanish subsidiaries of Cimpor Cimentos de Portugal SGPS,
S.A. for €162 million euros (approximately US$226.8 million dollars), €5 million
of which is being held in escrow to cover any price adjustments on account of
possible contingencies – in addition to a separate payment for the working
capital.
Proceeds from the
sale will be used to reduce debt.
J.P. Morgan and RBS
acted as financial advisors to CEMEX in this transaction.
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, 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.
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:
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December 29,
2008
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By:
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/s/ Rodrigo
Treviño Muguerza
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Name: Rodrigo
Treviño Muguerza
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Title: Chief
Financial Officer
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