Cement News tagged under: Initial Public Offering (IPO)
Egypt: ACC to start IPO roadshow next week15 April 2014, Published under Cement NewsEgypt's Arabian Cement Company (ACC) plans to start an international roadshow next week to float between 22.5-30 per cent of the company, its chief executive, Jose Maria Magrina, told Reuters on Monday. "Our target is the 14th of May to start trading and I think 12th of May end of subscription but that may change ... It depends on the result of the roadshow," Mr Magrina said. |
Votorantim pulls IPO plan, Brazil13 August 2013, Published under Cement NewsVotorantim Cimentos SA withdrew plans for its multibillion dollar initial public offering on Monday citing poor market conditions. Votorantim had postponed its IPO plans in July, saying at the time that it would try again in September. However, it has deffered the option once again. "The IPO continues to be the company's plan and we will continue to monitor the evolution of the capital market conditions to be able to resume the offer," Lorival Luz, Votorantim Chief Financial Officer, said... |
Votorantim Cimentos reschedules IPO, Brazil19 June 2013, Published under Cement NewsVotorantim Cimentos SA has postponed its US$4.8bn initial public offering until later this year, after cancelling plans to launch the deal this week. On Wednesday, Brazil's largest cement producer confirmed it has ditched plans to launch the IPO, but said it will bring the deal back to market later this year on 11 September 2013. A source close to the situation had previously said that controlling shareholder Votorantim Participações was unwilling to sell its stock of Votorantim Ci... |
Votorantim Cimentos unveils terms of IPO, Brazil30 May 2013, Published under Cement NewsBrazil’s leading cement producer, Votorantim Cimentos, has announced terms of its initial public offering (IPO) to fund further expansion, acquisitions and improvements in efficiency. In a preliminary prospectus, the company expects to sell 400 million units, with each unit expected to price between BRL16 (US$7.80) and BRL19. Each unit consists of one common share and two preferred shares. It will also offer American depositary shares that will be listed on the New York Stock Exchange u... |
Votorantim Cimentos files request for IPO of shares10 April 2013, Published under Cement NewsBrazilian 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... |
Semen Baturaja plans IPO in November, Indonesia02 July 2012, Published under Cement NewsState-owned Semen Baturaja plans to float shares on the Indonesian Stock Exchange in November, according to president director Pamudji Rahardjo. Speaking to the Jakarta Globe, Mr Rahardjo said: “Our target for the initial public offering (IPO) date is October, so the shares can be listed in November.” He reiterated that the company’s target is to raise IDR1.2trn (US$128m) from the IPO. “We, however, are still considering the amount of shares to be offered to the public, whether we stic... |