Loma Negra files for US$100m initial public offering

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Argentina/US: Loma Negra has filed for a US$100m initial public offering (IPO) on the New York Stock Exchange. The subsidiary of Brazil’s InterCement wants to sell shares of Loma Negra in Argentina and New York to raise cash and cut debt, according to sources quoted by Reuters. Proceeds from the offering will be used to reduce debts at InterCement’s parent company Camargo Correa. The Brazilian company originally purchased Loma Negra in 2005 for US$1bn.

Last modified on 13 September 2017

URL: https://globalcement.com/news/item/6522-loma-negra-files-for-us-100m-initial-public-offering

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