After several months of analysis, the Board of Directors of Cementos Argos S.A. authorized the company’s management to carry out the necessary steps to list its United States’ business in the New York Stock Exchange (NYSE), through an initial public offering in the US capital market registered under the rules of the competent authority in that country, the Securities Exchange Commission (SEC).
The transaction will be carried out once the structuring process has been completed, in compliance with the applicable regulations in the United States. Taking this process into account, the company expects to carry out the issuance in the second half of 2022.
The listing in the United States will contribute to the purpose of fully capturing the business value of the company, optimizing the capital structure, and obtaining the necessary resources to continue executing the growth strategy that the company plans to achieve in that country, as a result of the recent approval of the Bipartisan Infrastructure Law for USD 1 trillion and the positive cycle expected for the construction materials industry in the residential, commercial and civil works segments during the next 10 years.
* Legal Disclosure: This announcement does not constitute a sale offer nor does it constitute a sale of shares or securities, which can only be carried out once the records or authorizations are obtained from the corresponding authorities.