Votorantim Cimentos reschedules IPO, Brazil

Votorantim Cimentos reschedules IPO, Brazil
Published: 19 June 2013

Votorantim Cimentos SA has postponed its US$4.8bn initial public offering until later this year, after cancelling plans to launch the deal this week.

On Wednesday, Brazil's largest cement producer confirmed it has ditched plans to launch the IPO, but said it will bring the deal back to market later this year on 11 September 2013.

Votorantim Cimentos and shareholders had planned to sell a combined 400 million units, which consisted of one ordinary and two preferred shares.

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