Colombia: Cemex subsidiary applies to sell Latin American assets

Colombia: Cemex subsidiary applies to sell Latin American assets
Published: 22 August 2012

Tagged Under: Cemex Colombia 

Cemex Latam Holdings SA, a wholly-owned subsidiary of Cemex España SA, presented to the Superintendencia Financiera de Colombia an application to list its shares on the Colombian stock exchange and to offer a minority of Cemex Latam’s shares in a public offering to investors.

Cemex Latam's assets are expected to include substantially all of Cemex’s assets in Central and South America (excluding Mexico).

This application is one component of the previously-announced asset sale alternatives Cemex is pursuing in connection with its ongoing initiative to reduce debt and extend its debt maturities.