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Spanish Inmocemento goes public with value of €1.9bn

Uniland Vallcarca

Inmocemento, the cement and real estate spin-off from Spanish construction company FCC, said it expects its shares to begin trading on November 12th at a market value of 1.93 billion euros (US$2.1 billion). The company, which comprises 454.9 million shares,…

Votorantim explores US listing for cement division

St Marys Charlevoix Michigan 1

Votorantim plans to list its US cement division on the New York Stock Exchange. Votorantim Cimentos operates in 11 countries. With a production capacity of 57.3 Mta it ranks as the seventh-largest cement producer globally, excl. China. 8.2 Mta of…