Cementos Argos Advances

Colombian regulators have approved the sale of up to 250m shares through an equity follow-on from Cementos Agros, Argos says. A sale of the full authorized amount would raise COP2.20trn ($1.21bn) at Wednesday’s COP8,800 closing price. JPMorgan and HSBC are global coordinators, with Bank of America Merrill Lynch, Credit Suisse and Itau as bookrunners.