Cemex to buy out LatAm business

Cemex to buy out LatAm business

Equity Corporate & Sovereign Strategy Capital Markets Mexico Colombia Europe

The Spanish division of Mexican cement maker Cemex said Monday that it plans to buy the shares it does not own in the Colombian-listed holding company Cemex Latam Holdings in a deal that could be worth COP486 million ($130 million). Cemex has offered to pay COP3,250 per share for the 150 million outstanding shares in the Bogotá-based business, according to a securities filing. Trading Cemex Latam Holdings' shares was halted on Tuesday, but the offer represents a premium of 16% on the closing pri

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