Cemex (CX) has raised $1.1B by selling a larger-than-expected 29% stake in its Latin American...

|By:, SA News Editor

Cemex (CX) has raised $1.1B by selling a larger-than-expected 29% stake in its Latin American unit in an IPO in Colombia. Cemex sold almost 170.4M shares at 12,250 Colombian pesos ($6.74) each, in the middle of its target range. Cemex will use the money to help pay down its huge debt. (PR)

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