Conconcreto Launches Colombia IPO

Conconcreto Launches Colombia IPO

Equity

Colombian infrastructure builder Conconcreto has launched an IPO, aiming to raise up to COP94.68bn ($49.00m). It is offering up to 72m shares at COP1,315 each through December 17, it says, with results and allocations due to be announced December 24. The float represents a stake of approximately 20%, and will raise funds to develop new projects, the company says. Colombian brokerage Bolsa y Renta is leading. Founded in 1960, Medellin-based Conconcreto builds bridges, power plants, roads, and bui

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