Skip to main content

Cemex and GCC price share offerings

Published by
World Cement,

Cemex and Grupo Cementos de Chihuahua (GCC) have announced the pricing of the secondary offerings of 51.75 million GCC shares currently owned by Cemex. The shares have been prices at MXN95 per share, including the 6.75 million shares available to the underwriters of the offerings.

The offerings comprise a public offering to investors in Mexico and a concurrent private placement to eligible investors outside of Mexico. The companies expected the offerings to close “on or about 15 February 2017”, Cemex said in a press release.

If all share are sold, Cemex will have reduced its 23% direct ownership in GCC by 15.6%. This will leave the company with a 7.4% direct stake in GCC, as well as a minority interest in CAMCEM, the entity that owns a majority interest in GCC.

The sales forms part of Cemex’s asset divestiture plants and is anticipated to raise about US$240 million before discounts, commissions and expenses.

Read the article online at:

You might also like




At WCT2021 you will hear from a range of industry leaders and technical experts as they discuss the key challenges facing the cement industry and the latest solutions on offer. Register for free today »


Hanson shares 2021 Sustainability Report

Hanson’s 2021 sustainability report highlights the company’s 2030 commitments and the progress made during the 2020 calendar year, despite the unprecedented challenges brought about by COVID-19.


Embed article link: (copy the HTML code below):


This article has been tagged under the following:

Cemex news