BRIEF-Cementos Argos to sell 20 pct stake in its Panama unit

viernes 19 de agosto de 2016 03:42 GYT

Aug 19 (Reuters) - Cementos Argos SA :

* Said on Thursday approved sale of 20 percent stake in Argos Panama for $126 million, which represents full company value of $700 million

* Says transaction is part of divestment plan of $350 million aimed at financing recent acquisitions in United States

* After the operation Cementos Argos to hold 78.57 percent in Argos Panama, Grupo Provivienda to hold 20 percent and 1.43 percent to remain with minority shareholders

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(Gdynia Newsroom)