Cementos Argos - May 2013
In early May, Cementos Argos issued COP1.4tn (US$765m) worth of preferred shares to finance its expansion plans. The company sold the shares at COP7700 each, the bottom end of the expected range of COP7700-9300 (US$4.20-5.07). According to Cementos Argos, it received offers worth COP2.1tn.