Cemex to sell 23% stake in Grupo Cementos de Chihuahua

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Mexico: Cemex wants to sell its 23% stake in Grupo Cementos de Chihuahua through a secondary public offering. Cemex has asked the Comisión Nacional Bancaria y de Valores, Mexico's banking and securities regulator (CNBV), to approve the planned transaction, under which the Mexican building materials company will offer the shares to domestic and foreign investors in a concurrent private placement. The sale will be part of Cemex’s previously announced asset disposal plan. The company wants to sell up to US$2bn worth of assets to reduce its debts.

Last modified on 05 October 2016

URL: https://globalcement.com/news/item/5351-cemex-to-sell-23-stake-in-grupo-cementos-de-chihuahua

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