Mexico's Cemex Announces Willingness to Reach Informal Agreement with Chavez over Cement Company Nationalization

At a press conference held for reporters in Mexico City, a representative from Mexico's Cemex S.A.B. de C.V. (NYSE:CX), Latin America's largest cement producer, announced that the company was willing to negotiate to reach an out-of-court settlement with Hugo Chavez's Venezuelan government over the nationalization of assets worth an estimated US$1.2 billion.