Eduardo Musalem, Elementia’s CEO, said the Mexican cement company is looking to list shares during the 1Q15 if market conditions are good.

"We are ready to debut in the market," said Mr Musalem. "It could be the end of January, if the posibility exists, or February or March."

Elementia agreed to buyout Lafarge’s 47 per cent in the joint venture company in September 2014. Billionaire Carlos Slim is reported to have an about 46 per cent share in Elementia though Grupo Carso.