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Cementos Argos SA (CMTOY.PK)

CMTOY.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Cementos Argos to sell 20 pct stake in its Panama unit
Friday, 19 Aug 2016 03:42am EDT 

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 [nL8N1AZ3A3] .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.  Full Article

Cementos Argos takes a $100 mln loan
Monday, 27 Jun 2016 04:47am EDT 

Cementos Argos SA : Said on Friday signed financing agreement for its unit Argos USA Corp for $100 million with Mizuho Bank . Said received loan for 3 years and interest rate of Libor plus 1.15 percent .Says Argos USA to use the loan to repay short term debt.  Full Article