Grupo Argos to issue preferential shares in 1Q15

Colombian holding Grupo Argos is planning to issue a base amount of 50m preferential shares in the first quarter of 2015 on the local and international markets, subject to the approval from Colombia's financial watchdog.

Argos, parent company of Colombia’s leading cement producer Cementos Argos, seeks to strengthen its equity and bolster growth. Details of the issuance could be given in mid-January 2015.

Banca de Inversion Bancolombia, HSBC Securities and Bank of America Merrill Lynch have been hired by Argos for the process.