Mexico's Cemex shares recover, rise after offering
MEXICO CITY |
MEXICO CITY (Reuters) - Shares of Mexico's Cemex (CMXCPO.MX) recovered from sharp early losses on Wednesday to gain 4.41 pct to 17.99 pesos after a major share offering.
The world's No. 3 cement maker sealed a $1.8 billion share offer on strong demand late on Tuesday in a sign of investor optimism in the debt-laden company's recovery.
(Reporting by Cyntia Barrera Diaz, editing by Gerald E. McCormick)
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