Argos share offering open for 15 days, Colombia

Argos share offering open for 15 days, Colombia
18 April 2013


Colombia's largest cement maker, Cementos Argos, has opened for offers 250m preferred shares, a bookbuilding process to end on 8 May 2013 to raise between (US$1.05bn-US$1.27bn).

Argos has set a range of between COP7700 and 9300 Colombian pesos ($4.20 to $5.07) per share for the offering, the company said in a statement published in local media.

Argos said it will issue the shares in two stages. The company will first offer 182 million preferred shares, and plans to do a second issuance at the same price range at a later date if the offer is oversubscribed.

Published under Cement News