CEMEX Latam in $1.15 Billion IPO

November 19, 2012

Cleary Gottlieb is representing Banco Bilbao Vizcaya Argentaria, Citigroup Global Markets, Merrill Lynch, and Santander Investment Securities, as initial purchasers, in the debut global equity offering of 170,388,000 shares of CEMEX Latam Holdings, which is comprised of an initial public offering on the Colombian Stock Exchange and a Rule 144A/Reg S offering in the United States and other countries. The shares were priced at Col.$ 12,250 (US$6.75) per share, resulting in gross proceeds of US$1.15 billion (Col.$ 2.08 trillion), assuming the initial purchasers do not exercise a 30-day put option they were granted over approximately 22.2 million of the shares. This offering is the first simultaneous local and international offering in Colombia under the regime available for listings of foreign companies in Colombia.

CEMEX Latam Holdings, a subsidiary of CEMEX, S.A.B. de C.V., one of the largest cement companies in the world, is a holding company engaged in the production, distribution, marketing and sale of cement, ready-mix concrete in Colombia, Panama, Costa Rica and Nicaragua, as well as of cement and ready-mix concrete in Guatemala, and maintains a commercial sales office in El Salvador and owns a river terminal on the Amazon River near Manaus in Brazil.