March 22, 2018 / 11:27 PM / 8 months ago

Mexico's Cemex says won't pursue capital increase as proposed

MEXICO CITY, March 22 (Reuters) - Mexican cement producer Cemex said on Thursday it would not pursue a proposal for a 3.75 billion CPO capital increase after discussions with its shareholders.

Monterrey-based Cemex, which is trying to regain its investment grade credit rating, said it will cap its share issuance proposal to a maximum of 1 percent of outstanding shares.

Earlier in March, Cemex said that the U.S. Department of Justice (DOJ) was investigating its operations in Colombia and in other jurisdictions. (Reporting by Christine Murray)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below