CEMEX Subsidiary Presents Application to Philippine Authorities for Potential Sale of a Minority Stake in Its Assets in the P...
March 10 2016 - 10:05PM
Business Wire
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX), announced today that
CEMEX Holdings Philippines, Inc. (“CHP”), an indirectly
wholly-owned subsidiary of CEMEX España, S.A., filed a registration
statement with the Securities and Exchange Commission of the
Philippines (the “Philippine SEC”) relating to an initial public
offering of CHP’s common shares (the “Offering”). Subject to
obtaining the corresponding approvals from the Philippine SEC and
the Philippine Stock Exchange (the “PSE”) for the listing of CHP’s
shares on the PSE, CHP has the intention to, in a public offering
to investors in the Philippines and, in a concurrent private
placement to eligible investors outside of the Philippines, offer a
minority interest in CHP’s capital stock. CHP's assets consist
primarily of CEMEX’s cement manufacturing assets in the
Philippines.
The filing of the registration statement with the Philippine SEC
is a first step in one of the alternatives CEMEX is exploring in
the context of CEMEX’s previously announced asset divestiture plan.
CEMEX continues to explore other alternatives, and the ultimate
implementation of any such alternative remains at the discretion of
CEMEX.
This press release does not constitute or form part of an
offer to sell or solicitation of an offer to purchase or subscribe
for securities in the United States or in any other jurisdiction.
The securities referred to herein have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
“Securities Act”), and may not be offered or sold in the United
States or in any other jurisdiction absent registration or an
applicable exemption from the registration requirements of the
Securities Act or from the registration requirements in any such
other jurisdiction.
THERE WILL NOT BE A REGISTRATION WITH THE NATIONAL SECURITIES
REGISTRY (REGISTRO NACIONAL DE VALORES) MAINTAINED BY THE MEXICAN
NATIONAL BANKING AND SECURITIES COMMISSION (COMISIÓN NACIONAL
BANCARIA Y DE VALORES, OR CNBV), AND NO PUBLIC OFFERING OR
BROKERAGE ACTIVITIES MAY BE CONDUCTED IN MEXICO, EXCEPT PURSUANT TO
A PRIVATE PLACEMENT EXEMPTION SET FORTH UNDER ARTICLE 8 OF THE
MEXICAN SECURITIES MARKET LAW (LEY DEL MERCADO DE VALORES), TO
MEXICAN INSTITUTIONAL AND QUALIFIED INVESTORS.
A REGISTRATION STATEMENT RELATING TO CHP’S COMMON SHARES HAS
BEEN FILED WITH THE PHILIPPINE SEC, BUT HAS NOT YET BECOME
EFFECTIVE. THESE SECURITIES MAY NOT BE SOLD NOR OFFERS TO BUY THEM
BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT IS
RENDERED EFFECTIVE. THIS COMMUNICATION SHALL NOT CONSTITUTE AN
OFFER TO SELL OR BE CONSIDERED A SOLICITATION TO BUY.
The listing of CHP’s common shares is subject to the approval
of the board of directors of the PSE. The PSE will make no
representation as to its completeness and expressly disclaims any
liability whatsoever for any loss arising from reliance on the
entire or any part of the Offering documents. Such approval for
listing, once granted, is permissive only and will not constitute a
recommendation or endorsement of the offering by the PSE or the
Philippine SEC.
This press release contains forward-looking statements and
information that are necessarily subject to risks, uncertainties,
and assumptions. Many factors could cause the terms of the
transaction described herein to change and any such changes could
be significant. No assurance can be given that any such transaction
will be consummated on the terms described herein or on other
terms, or as to the ultimate terms of any such transaction. CEMEX
assumes no obligation to update or correct the information
contained in this press release.
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version on businesswire.com: http://www.businesswire.com/news/home/20160310006692/en/
CEMEX, S.A.B. de C.V.Media RelationsJorge Pérez,
+52(81) 8888-4334mr@cemex.comorInvestor RelationsEduardo
Rendón, +52(81) 8888-4256ir@cemex.comorAnalyst
RelationsLucy Rodriguez, +1-212-317-6007ir@cemex.com
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