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BRIEF-CEMEX says a U.S. unit will divest reinforced concrete business to Quikrete

Nov 28 Cemex Sab De Cv

* Cemex and Quikrete agree on terms and conditions for sale of u.s. Reinforced concrete pipe manufacturing business

* Cemex - proceeds obtained from the transaction will be used mainly for debt reduction

* Deal for approximately $500 million plus an additional .$40 million purchase price contingent on future performance

* Says one of its subsidiaries in U.S. Has signed agreement to divest its reinforced concrete business to Quikrete Holdings

* Cemex - proceeds obtained from transaction will be used mainly for debt reduction and for general corporate purposes Source text for Eikon: Further company coverage:

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