Skip to main Content
search

SPRINT

SHARE CONVERSION

 

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:

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

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