CEMEX Successfully Completes Exchange for the New CPOs.MONTERREY, Mexico--(BUSINESS WIRE)--Sept. 14, 1999-- CEMEX CEMEX Cementos Mexicanos , S.A. de C.V. announced today that has successfully completed the share exchange of the A and B series for the New CPOs (Certificados de Participacion Ordinaria). The exchange offer, which concluded on Monday, September 13th in the United States, and today, September 14th in Mexico resulted in a 96% conversion rate of the A and B shares deposited at S. D. INDEVAL. The total amount of new CPOs outstanding is now 1,305,705,481. The New CPO will begin trading on September 15th simultaneously on the Bolsa Mexicana de Valores The Bolsa Mexicana de Valores or BMV is Mexico's only stock exchange. It is headquartered on the prestigious Paseo de la Reforma in central Mexico City, is the second important Stock Exchange in Latin America, behind the São Paulo Stock Exchange - Bovespa. under the ticker symbol "CEMEX.CPO", and in the form of ADR ADR - Astra Digital Radio (ratio 5:1) on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE NYSE See: New York Stock Exchange ) under the ticker symbol "CX." Founded in 1906, CEMEX is one of the three largest cement companies in the world with approximately 60 million metric tons of production capacity. Through operating subsidiaries positioned in three different continents, CEMEX is engaged in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates and clinker. In addition, the company is the world's leading producer of white cement and the world's largest trader of cement and clinker. |
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