Market Overview

CEMEX Prices IPO of Subsidiary, CEMEX Latam Holdings, S.A.

CEMEX, S.A.B. de C.V. (NYSE: CX), announced today that CEMEX
Latam Holdings, S.A. (“CEMEX Latam”), a wholly-owned subsidiary of CEMEX
España, S.A., has priced its initial offering of 170,388,000 new common
shares, at a price of 12,250 Colombian Pesos per common share. The
common shares offered by CEMEX Latam include (a) 148,164,000 new common
shares offered in a public offering to investors in Colombia and in a
concurrent private placement to eligible investors outside of Colombia,
and (b) an additional 22,224,000 new common shares offered in such
private placement that are subject to a put option granted to the
initial purchasers of the private placement during the 30-day period
following closing of the offering. After giving effect to the offering,
CEMEX España,

See full press release

Posted-In: News Guidance Contracts Management Global

 

Most Popular

Related Articles (CX)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters