Bloomberg News

Mexico Stocks: Cemex, Empresas ICA, OHL Mexico Shares Advance

September 29, 2011

Sept. 29 (Bloomberg) -- The following companies had unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of 4 p.m. New York time.

The IPC index rose 0.7 percent to 33,686.16.

Cemex SAB (CEMEXCPO MM), the largest cement maker in the Americas, climbed 0.2 percent to 4.74 pesos, after earlier advancing as much as 6.1 percent. Cemex plans to sell about $1 billion of assets by the end of 2012 to reduce debt, Chief Executive Officer Lorenzo Zambrano said in a webcast of a meeting with analysts today in New York.

Empresas ICA SAB (ICA* MM), the country’s biggest construction company, rose 0.8 percent to 15.99 pesos. ICA sold 5.3 billion pesos ($388 million) of fixed-rate bonds and 1.8 billion pesos of inflation-linked securities to finance projects under development.

OHL Mexico SAB (OHLMEX* MM), the local unit of Spanish construction company Obrascon Huarte Lain SA, jumped 4.4 percent to 22.78 pesos. The company named Rafael Villafanez Esteban as its chief financial officer, the company said today in a filing to Mexico’s stock exchange.

--Editors: Glenn J. Kalinoski, Richard Richtmyer

To contact the reporter on this story: Jonathan J. Levin in Mexico City at jlevin20@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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