This increase is a result of the completion of a tender offer made by CEMEX España for any and all outstanding ordinary shares of CLH (except for shares either owned by CEMEX España or by CLH), directed to all of CLH’s shareholders at a purchase price of 3,250 Colombian Pesos per ordinary share. In particular, 108,337,613 ordinary shares of CLH were validly tendered in the Offer, representing 72.41% of the outstanding ordinary shares of CLH (excluding shares owned by CLH) for which the Offer was made.
Pursuant to Colombian securities regulations, the Offer was awarded on 15 December 2020 and is expected to fully settle on 18 December 2020 for an aggregate amount of approximately 352,097,242,250 Colombian Pesos.
Through the Offer, CEMEX is simplifying and strengthening its overall capital structure by further consolidating its indirect interest in CLH.
Citigroup Global Markets acted as sole advisor, and Corredores Davivienda acted as the intermediary broker for the Offer.
