Traductor
Units converter
Advertising
Quotes on line
2015 CONEXPO LATINAMERICA
2015 World Crane and Transport Summit
2014 International Cranes and Transport Latin America
World of Concrete 2015


   Search News
RSS
Cimentos Liz to bring in up to US$504mn through IPO (Brazil)
2011-03-15

Brazilian cement producer Cementos Liz is launching an IPO on São Paulo stock exchange Bovespa that could reach 837mn reais (US$504mn), news service Agência Estado reported.

The company said it will sell 47.7mn shares through a primary offer, with the option to add two more lots of 7.16mn and 9.54mn shares in the event of strong investor demand.

Cementos Liz expects shares to sell at 10-13 reais each, meaning it could raise up to 837mn reais if all are placed at the maximum price. The offer will be priced on March 31, with share reservations running from March 21-30 and trading scheduled to start on April 4.

The operation is being managed by Itaú BBA and will be held on Bovespa's Novo Mercado forum, the report said.

Cementos Liz has an estimated 8% share of the national cement market, focusing on the southeastern states of Minas Gerais and São Paulo, the largest consumers in the country.

The company owns a cement plant near Minas Gerais state capital Belo Horizonte with capacity of about 2Mt/y. With expansion plans already underway, it plans to reach 4.7Mt/y by end-2012.


Send this publication to a friend




More news
Shakeup at Ferrobaires over February accident (Argentina)
Argentina's Buenos Aires provincial government has replaced several high-ranking officials at state-owned rail operator Ferrobaires following a rail accident in February this year. ...
Paraíba pushing to speed up PAC projects (Brazil)
Brazil's federal and Paraíba state governments are discussing projects under the country's growth acceleration plan (PAC) aimed at improving transportation logistics in the northeastern stat ...
Interoceánica Sur generating US$3bn - Ositran (Peru)
Peru's 2,500km Interoceánica Sur highway has generated economic benefits of over US$3bn for the country, according to transport regulator Ositran president Juan Carlos Zevallos. ...