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

Source text: bit.ly/2bqG9sL

Further company coverage:

(Gdynia Newsroom)