Cementos Argos Prices at Low End

Cementos Argos Prices at Low End

Colombia Equity

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 international buyers in the form of ADRs, and another 32m that Argos expects to allocate during a second

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