Cemex to sell stake in Cementos de Chihuahua

Cemex said on Friday it had sought approval from the stock exchange to sell the 23% direct stake it holds in Grupo Cementos de Chihuahua via a secondary public offering.

The proposal is part of Cemex’s existing plan to divest itself of certain assets, Cemex said in a statement.

Cemex aims to make the offer to Mexican investors as well as to investors abroad in a concurrent, private placement.

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