|
contents | business | |||||||||
| Cemex announces completion of transaction Mexican cement maker Cemex announced the closing of its offer to exchange Certificados Bursátiles issued by Cemex in Mexico into mandatorily convertible securities. The Securities issued will be mandatorily convertible into Cemex's Certificados de Participación Ordinaria ("CPOs"). As a result of this offer, approximately MXN 4.1 billion (approximately US$320 million) in Securities will be issued on December 10, 2009 and upon conversion will represent approximately 172.5 million CPOs. Cemex will cancel approximately MXN 4.1 billion (approximately US$320 million) in Certificados Bursátiles, approximately MXN 325 million of which had been scheduled to mature in 2010, MXN 1.7 billion in 2011, and MXN 2.1 billion in 2012. write your comments about the article :: © 2009 Construction News :: home page |