Cemex LatAm Pours at Midpoint

Nov 7, 2012

Cemex has priced the IPO of its Cemex LatAm unit at the midpoint of its range, in an upsized deal that should raise more than $1bn-equivalent, according to people familiar with the sale. The Colombia-listed carve-out of the Mexican cement maker’s assets in Colombia, Panama, Costa Rica, Brazil, Guatemala, Nicaragua and El Salvador had a book heard to be at least 2x subscribed Tuesday, in a transaction that also...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management