Loma Negra aims to raise US$800m in initial public offering

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Argentina/US: Loma Negra aims to generate up to US$800m in an initial public offering in Argentina and the US. Around US$700m of the money raised will go to its parent company Brazil’s InterCement, according to Reuters. InterCement is selling a 32% stake in the company to pay its debts. Subsequently it will hold a 57% stake in the Argentine cement producer. No schedule for the transaction has been disclosed.

Last modified on 18 October 2017

URL: https://globalcement.com/news/item/6662-loma-negra-aims-to-raise-us-800m-in-initial-public-offering

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