Argentina’s Loma Negra has followed up its initial public offering (IPO) in New York with an offering on the domestic stock exchange, according to Brazil’s Valor newspaper.
Analysts forecast the domestic float, expected as early as this month, could bring more than US$100m to the company’s coffers.
The cement producer will use the funds to expand its Amali works, a project which requires an investment of US$350m, as well as reducing debt.
