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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:



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

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