Loma Negra to launch initial public offering

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Argentina/US: Loma Negra has set the price of its initial public offering on the New York Stock Exchange. It plans to raise about US$954m from the sale. Most of the proceeds will go to InterCement Brasil, Brazil’s second-largest cement producer, which owns 99% of Loma Negra, according to Reuters. The rest will go to Loma Negra.

Founded in 1926, Loma Negra is vertically integrated cement and concrete company based in Argentina. It also owns a 51% stake in a cement plant in Paraguay.

Last modified on 01 November 2017

URL: https://globalcement.com/news/item/6720-loma-negra-to-launch-initial-public-offering

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