cemex

Market reaction to Cemex Philippines’s upcoming IPO could well be a reflection of confidence towards the nation’s industrial development.

The Philippine cement maker’s IPO will be a boon to bankers and a relief to deal-starved investors in a market where foreign companies are reluctant sellers.

The Mexican cement producer plans to spin off its Philippine operations to repay short-term borrowings in first market test since new president was elected.

The country goes to the polls Monday to elect a new president. Bankers, investors and executives have reason to be nervous.

The global cement company spends $1.61 billion to buy Cemex Australia and another $234 million on shares of Huaxin China, financing the deals through a $1.8 billion rights issue.

Shareholders in the Aussie building materials company consider their response to a revised offer of $15.85 per share from Cemex after the companyÆs board gives it the stamp of approval.

An Indonesian conglomerate, the Rajawali Group, agrees to purchase a stake in a local cement plant, ending years of problems for an Mexican firm trying to do business in Indonesia.