Cementos Argos Finalizes Share Sale

Cementos Argos Finalizes Share Sale

Colombia Equity

Cementos Argos has completed the “second round” in the IPO of its preferred shares, allocating an additional COP209.42bn ($111m) to bring the total transaction size to COP1.611trn. The cement producing subsidiary of Grupo Argos sold 27m shares in the second round, it says, out of a possible 32m, at the same COP7,700 per share price that was set last month at the pricing of the first round – the low end of a COP7,700-COP9,300 range. Though both rounds, it sold 133m shares to local investors and 7

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