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. 

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