Cemex shareholders approve capital increase
Premium Content
08 September 2009
An Extraordinary General Meeting of Cemex shareholders has approved plans for a massive capital increase sometime within the next two years.
The meeting approved issuing up to 4.8 billion new shares in the company, worth about MXP 27 billion (US$ 2 billion) at current market prices. This will be carried out either by a public offer or through the sale of convertible bonds.
The company said it would raise the new capital, "when market conditions are appropriate and thus strengthen Cemex's balance sheet."
Flexible engine platforms are emerging as a way to balance performance, flexibility and future regulatory demands
How OEMs and operators are managing to maximise uptime for equipment that has to pass the ultimate stress test on a daily basis
From remote creek beds to inner city overpasses, crawler-mounted boom lifts are proving indispensable for bridge construction, inspection and maintenance