BlackRock Increases Stake in CEMEX $CX

As of September 30, 2024, BlackRock, Inc., one of the world’s largest asset management firms, holds a significant 10.1% ownership in CEMEX, S.A.B. de C.V. This equates to over 1.5 billion shares of the cement giant’s common stock. The filing indicates that BlackRock’s ownership is purely for investment purposes, with no intention to influence the company’s operations. BlackRock’s subsidiaries across various regions, including the U.S., U.K., and Mexico, manage these shares.

For more details, you can visit the filing here.