Mexico: Cemex shares climb on asset sale plan

Mexico: Cemex shares climb on asset sale plan
24 August 2012


Cemex SA shares outperformed the broader Mexican equity market Wednesday, rising as much as seven per cent after the Mexican cement maker said it plans to sell a minority stake in its Latin American assets through a listing on Colombia's stock exchange.

The sale, aimed at reducing Cemex's debt, will not include assets in its homebase. Cemex's shares trading in Mexico City were recently up 4.8 per cent.

Published under Cement News

Tagged Under: Cemex Mexico Colombia