Cemex withdraws from previously announced capital increase proposal

Cemex has confirmed it will not pursue the proposal to authorise an up to 3.75bn CPOs capital increase at the extraordinary general shareholders meeting scheduled to take place on 5 April 2018. The decision intends to demonstrate the company’s commitment to maintaining a constructive and responsive dialogue with its investors.

Fernando Gonzalez, CEO at Cemex, said: “As we discussed on Cemex Day, our management team’s priority is to achieve an investment grade capital structure, as the foundation of our value creation strategy. We are highly focused on our long-term strategic objective of maximizing shareholder value. After listening to the feedback from our shareholders, we have decided not to pursue the 3.75bn CPO capital increase that had been proposed. We will continue focusing on implementing our stated strategy.”

The company’s board of directors and management has stated it will continue its focus on accountability to shareholders and on creating long term shareholder value.

Source

 

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Add your jobs

Do you need to fill any aggregates-related job vacancies? If you are a recruiter working on behalf of clients or an aggregates company with in-house vacancies you can add your jobs on this site for FREE!

Free Job Postings

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive. It receives over 56,000 pageviews per month.