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Cementos Argos Prices at Low End

May 10, 2013

Colombia’s Cementos Argos has priced an equity follow-on at the bottom of the range and is expected to raise COP1.648trn ($901m), less than the COP2trn-plus it was targeting. The cement company is selling 214m preferred shares at COP7,700 each, it says in a filing, versus the COP7,700-COP9,300 range set last month. The share total includes 154.7m shares sold to domestic buyers, 27.3m sold to...

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