Cemex begins share repurchase programme

Cemex begins share repurchase programme
29 November 2018

Cemex has begun its share repurchase programme, approved at its ordinary shareholders’ meeting for up to US$500m.

"We are pleased to initiate our share buyback programme, which is one of the capital allocation options we have to create value for our shareholders," said Fernando A González, CEO.

The company repurchased 7m CPOs on 27 November. The total amount of the repurchase, including commissions and VAT, was MXN65.9m (US$3.2m).

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Tagged Under: Cemex Mexico share purchase