Well-Bid Cemex Sale Tilts toward Internationals

Well-Bid Cemex Sale Tilts toward Internationals

Colombia Mexico Equity

Cemex placed about 85% of the shares sold in the COP2.09trn ($1.15bn) Colombian IPO of the Cemex LatAm unit with international investors and 15% with Colombians, Bolsa y Renta says in a report. The carve-out of the Mexican cement maker’s assets in Colombia, Panama, Costa Rica, Brazil, Guatemala, Nicaragua and El Salvador saw nearly 3x demand. The cement maker priced 170m shares, including a 15% greenshoe, Tuesday at COP12,250 per share, the middle of a COP11,000-13,500 range. The deal was upsize

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