September 30, 2016 / 10:17 PM / a year ago

Cemex plans to sell 23 pct stake in Cementos de Chihuahua

MEXICO CITY, Sept 30 (Reuters) - Mexican cement maker Cemex said on Friday it had sought approval from the stock exchange to sell the 23 percent direct stake it holds in Grupo Cementos de Chihuahua via a secondary public offering.

The proposal is part of Cemex’s existing plan to divest itself of certain assets, the company said in a statement.

Cemex aims to make the offer to Mexican investors as well as to investors abroad in a concurrent, private placement. (Reporting by Anahi Rama)

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