Vicat to acquire Cemex ready-mix and aggregates businesses in South-Eastern France

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Summary · why it matters

Vicat has entered into exclusive negotiations to acquire Cemex's ready-mix concrete and aggregates operations in South-Eastern France. The proposed transaction would involve the acquisition of the subsidiaries Cemex Granulats Rhône Méditerranée, Cemex Béton Rhône Alpes and Cemex Béton Sud Est, which operate a network of 48 ready-mix concrete plants, 9 aggregates quarries, related services and certain interests in joint ventures across the Rhône Valley and the Provence-Alpes-Côte d'Azur region, notably along the Mediterranean corridor from Marseille to Nice. Vicat said the deal is highly complementary to its existing footprint and would generate industrial, commercial and logistics synergies, particularly with its cement business, while accelerating deployment of lower-carbon solutions. A preliminary Memorandum of Understanding provides for consultation with employee representative bodies, with completion expected before December 31, 2026, subject to prior approval by the competent competition authority under applicable merger control regulations. Separately, Vicat said that after reducing its financial leverage from 2.8x at year-end 2022 to 1.5x at year-end 2025, it has set a new financial leverage target of between 1.3x and 1.5x for the 2026-2027 period.

Impact on assets 2

Materials▲ · 2 stocks
Vicat S.A.
VCT
▲ PositiveCapitalrelevance

Vicat is acquiring Cemex's ready-mix and aggregates operations in South-Eastern France, a complementary bolt-on deal expected to generate synergies.

Off-coverage companies 3

Cemex Béton Rhône AlpesPrivate± Mixed
Capitalrelevance

Cemex Béton Rhône Alpes is one of the subsidiaries being sold to Vicat under the proposed transaction.

Cemex Béton Sud EstPrivate± Mixed
Capitalrelevance

Cemex Béton Sud Est is one of the subsidiaries being sold to Vicat under the proposed transaction.

Cemex Granulats Rhône MéditerranéePrivate± Mixed
Capitalrelevance

Cemex Granulats Rhône Méditerranée is one of the subsidiaries being sold to Vicat under the proposed transaction.