On March 18, 2024, the Shareholders’ Assembly of Cementos Argos approved the conversion of preferred shares into common shares, with an exchange ratio of 1 preferred share for 0.85 common shares. Find all the information here:
Share Conversion
US AGREEMENT
Cementos Argos has agreed to combine its operations in the United States with Summit Materials aiming to create a leading building materials platform with national scale
Supporting material
Conference Call - Monetización plataforma EE.UU
Summit Materials (NYSE: SUM), in which Cementos Argos owns a 31% stake, announced that it has entered into a definitive agreement to be acquired by Quikrete Holdings.
Conference Call - Argos North America and Summit Materials combination
The agreement will have a component of stock consideration worth approximately $2 billion and
cash payment of approximately $1.2 billion (subject to customary closing adjustments), resulting
in a valuation of Argos North America of $3.2 billion or 10x EV/EBITDA 2023e
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