Brazilian cement and concrete producer Votorantim Cimentos SA has filed a request with regulators to list its shares in the local stock exchange to finance its expansion plans.
 
In its preliminary prospectus, the company did not reveal the amount to be raised or the volume of shares to be sold. In January, Dow Jones reported the company was planning to raise around BRL6bn (US$3bn) from an IPO, citing two bankers close to the matter.
 
The sale must be approved by the Brazilian Securities and Exchange Commission.
 
Votorantim Cimentos will sell shares via a primary offer, with the proceeds going into company's treasury, along with a secondary offer of shares held by its parent company, Votorantim Industrial. Itau BBA, BTG Pactual, Credit Suisse, JP Morgan and Morgan Stanley were hired to coordinate the operation.