BUENOS AIRES, Argentina–(BUSINESS WIRE)–Loma Negra C.I.A.S.A. (NYSE: LOMA; BYMA: LOMA), (“Loma Negra” or the “Company”), the leading cement producer in Argentina, today announced the closing of its previously announced initial public offering at US$19.00 per American Depositary Shares (“ADSs”). Loma Negra and the selling shareholder, Loma Negra Holding GmbH, sold 53,530,000 ADS in the international offering, representing 267,650,000 ordinary shares of the Company, including the full exercise of the underwriters’ option to purchase an additional 7,530,000 ADSs. Loma Negra and the selling shareholder raised gross proceeds of US$1,017,070,000 from the international offering. Loma Negra also received gross proceeds of US$79,800,000 from the sale of 21,000,000 ordinary shares in the concurrent Argentine offering. In total, the company and the selling shareholder raised gross proceeds of US$1,096,870,000 from the global offering.
The ADSs are listed on the New York Stock Exchange and under the ticker symbol “LOMA” and its ordinary shares are listed on the Bolsa y Mercados Argentinos S.A. (BYMA) under the symbol “LOMA.” One ADS represents five (5) ordinary shares.
BofA Merrill Lynch, Bradesco BBI, Citigroup, HSBC, Itaú BBA and Morgan Stanley acted as underwriters in the international offering.
The offering was made only by means of a prospectus. A final prospectus for the offering may be obtained from BofA Merrill Lynch, Attention: Prospectus Department, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, or:…