April 25 (Reuters) - Cemex SAB de CV:

* CEMEX TO DIVEST ITS OPERATIONS IN THE PHILIPPINES

* CEMEX SIGNED AGREEMENT WITH DACON CORPORATION, DMCI

HOLDINGS,

INC. AND SEMINARA MINING & POWER CORPORATION

* MEXICO'S CEMEX SAYS AGREEMENT FOR THE SALE OF ITS

OPERATIONS AND

ASSETS IN THE PHILIPPINES

* MEXICO'S CEMEX SAYS ASSETS SOLD CONSISTS OF 100% EQUITY

INTEREST

IN CEMEX ASIAN SOUTH EAST CORPORATION, WHICH OWNS APPROXIMATELY

89% OF CEMEX HOLDINGS PHILIPPINES

* MEXICO'S CEMEX SAYS PURCHASE PRICE RESULTING FROM

DEDUCTING FROM

AN ENTERPRISE VALUE OF $660 MILN THE NET DEBT AND 10.14%

MINORITY INTEREST IN CHP

* MEXICO'S CEMEX SAYS ASSETS ALSO CONSIST OF 40% INDIRECT

EQUITY

INTEREST IN EACH OF APO LAND & QUARRY CORPORATION FOR 40% OF AN

AGGREGATE ENTERPRISE VALUE OF $140 MILLION

* MEXICO'S CEMEX EXPECTS TO FINALIZE TRANSACTION BEFORE

YEAR-END

2024

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