Mexican cement producer Cemex hopes to complete an initial public offering (IPO) of a minority stake in its Philippine unit within four months, and is in talks to sell US assets, the company's chief executive said on Monday.
Cemex, which is saddled with high dollar-denominated debt, and is in the midst of a major asset-selling plan, hopes to raise as much as 39.745 billion pesos ($855 million) in the IPO of Cemex Holdings Philippines Inc, in what would be the Philippines' biggest IPO.
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