Cimentos Liz delays IPO on risk aversion

Cimentos Liz delays IPO on risk aversion
Published: 04 April 2011

Brazilian cement producer  Cimentos Liz postponed on Friday a plan to sell shares to investors for as many as 60 days because of deteriorating market conditions.

Terms and conditions for the offering could be revised, depending on market sentiment, the company said in a statement. Earlier in the day, the securities regulator CVM told Reuters it had not been notified of the decision by the company.