Cemex Fails to Allay Debt Concerns

Cemex Fails to Allay Debt Concerns

People Corporate & Sovereign Strategy

Cemex CEO Lorenzo Zambrano spoke to the press and shareholders Thursday, but the vagueness of his remarks regarding a resolution with bank lenders leaves analysts uneasy. “I think [the market] was expecting something more about the debt talks,” says Actinver head of equity research Francisco Suarez, who says he shares the market’s apparent slight disappointment. Cemex shares fell 1.5% to MXP10.16 Thursday, despite a broader IPC rally. Still, Zambrano’s comment that a near-term resolution with re

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