Cement News tagged under: Votorantim Cimentos

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Votorantim Cimentos reschedules IPO, Brazil

19 June 2013, Published under Cement News

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. A source close to the situation had previously said that controlling shareholder Votorantim Participações was unwilling to sell its stock of Votorantim Ci...

Votorantim elects Akermann to Board

07 June 2013, Published under Cement News

Votorantim Cimentos elected Markus Akermann, former president of the Switzerland-based Holcim, to its board of directors. Akermann was CEO of Holcim between 2002 and 2012 after serving in a number of areas of the cement producer in Latin America. He is expected to hold the director’s mandate until 2015.

Votorantim Cimentos files for US$5.4bn IPO

18 April 2013, Published under Cement News

Brazil’s leading cement producer, Votorantim Cimentos SA, filed on Wednesday with the Securities and Exchange Commission (SEC) to raise up to US$5.4bn in an initial public offering of its units. Votorantim will list shares in Brazil and American depositary receipts on the New York Stock Exchange, according to a US regulatory filing yesterday, pushing the total amount of pending IPOs in Brazil to US$12.7bn. The company did not disclose the number of units it planned to sell and their expecte...

Votorantim Cimentos files request for IPO of shares

10 April 2013, Published under Cement News

Brazilian cement and concrete producer Votorantim Cimentos SA has filed a request with regulators to list its shares in the local stock exchange to finance its expansion plans.   In its preliminary prospectus, the company did not reveal the amount to be raised or the volume of shares to be sold. In January, Dow Jones reported the company was planning to raise around BRL6bn (US$3bn) from an IPO, citing two bankers close to the matter.   The sale must be approved by the Brazilian Securities...