Market Overview

CEMEX Announces Offering by CEMEX Latam Holdings, S.A.


CEMEX (NYSE: CX) announced today that CEMEX
Latam Holdings, S.A. (“CEMEX Latam”), a wholly-owned subsidiary of CEMEX
España, S.A. ("CEMEX España"), will commence offerings that are expected
to include an aggregate of 126,569,938 common shares to be issued by
CEMEX Latam, which are expected to be comprised of (a) 110,060,816
common shares to be 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 16,509,122 common shares to
be offered in such private placement that are subject to a 30-day put
option granted to the initial purchasers of the private placement. CEMEX
Latam's common shares are expected to be listed on the Colombian Stock

See full press release

Posted-In: News Guidance Contracts Asset Sales Management Global


Related Articles (CX)

View Comments and Join the Discussion!