CEMEX To Sell 23% Stake In Grupo Cementos de Chihuahua
January 26, 2017 at 05:00 am
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CEMEX, S.A.B. de C.V. (BMV:CEMEX CPO) is seeking to sell 23% stake in Grupo Cementos de Chihuahua, S.A.B. de C.V. (BMV:GCC *). The company would be selling up to 76.5 million shares that will be offered at a price ranging between MXN 95 and MXN 115 per share.
GCC SAB de CV, formerly known as Grupo Cementos de Chihuahua SAB de CV, is a Mexico-based company primarily engaged in the construction materials sector. The Company foocuses on the production and marketing of cement and other related building materials. The Companyâs product portfolio includes Portland grey cements, ready-mixed concrete, gypsum, additives and limestone aggregates, as well as such prefabricated products as walls, architectural concrete blocks and paving stones, among others. The Company also offers technical support and assistance for the installation of its prefabricated structures. The Company operates in Mexico and the United States, through such subsidiaries as GCC Comercial SA de CV, GCC Concreto SA de CV, GCC Rio Grande Inc, GCC Dacotah Inc, GCC Alliance Concrete Inc, Mid Continent Concrete Inc and Consolidated Ready Mix Inc.
GCC, S.A.B. DE C.V. 
