Mexico's Cemex to raise $300 mln by joining clean energy fund

MEXICO CITY Tue Oct 30, 2012 9:37am EDT

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MEXICO CITY Oct 30 (Reuters) - Mexican cement maker Cemex said on Tuesday it will join a clean energy fund that is expected to raise $300 million through a public offer of Capital Development Certificates on Mexico's stock exchange.

Cemex said its participation in the fund would be limited to management and advisory activities, and that it will retain a minority equity stake no higher than 10 percent in sponsored projects.

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