Conconcreto plots ADRs

Conconcreto plots ADRs

Equity

Colombian construction firm Conconcreto is considering raising capital through the sale of ADRs, its president Juan Luis Aristizabal said on Wednesday. The firm sold a COP243bn ($137m) follow-on equity sale in December 2012, two years after raising COP94.68bn through a Colombian IPO. “Our next step should be going into the international markets,” Aristizabal told LatinFinance’s Emerging Issuers & High Yield Forum on Wednesday. “We can use a lot of capital. Our business is capital intensive. If y

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