MEXICO CITY (S&P Global Ratings) Sept. 27, 2019--Elementia S.A.B. de C.V. (BB/Watch Neg/--) announced the sale of its cement assets in Pennsylvania to Leigh Hanson, Inc., a subsidiary of HeidelbergCement, for a gross value of $151 million. Elementia will use the proceeds for general corporate purposes and debt repayment. As of June 2019, Elementia's reported debt was about $807 million (considering an exchange rate of $1 per MXN19.7). In our view, the transaction will reduce the company's debt burden, once anti-trust authorities approve the sale. On April 5, 2019, Elementia announced its intention to spin off its metal and building system divisions into a new independent company. Shortly afterwards, we placed our ratings on Elementia on CreditWatch with negative implications,