Cemex Plans More Equity

Cemex is taking no rest in churning out new securities for the markets as it cleans up its balance sheet following last year’s restructuring. A 750m share offer is being contemplated, pending a shareholder vote April 29, the Mexican cement producer says. Such as sale would raise MXP9.70bn at Monday’s closing price of MXP12.93. Cemex last week sold $650m in 2015 bonds convertible into ADS. The fallen blue chip raised $1.63bn in a US equity follow-on in September.