Bloomberg News

Colombia’s Cementos Argos Says Shareholders Approve Spinoff

November 24, 2011

Nov. 24 (Bloomberg) -- Cementos Argos SA, Colombia’s biggest cement maker, said its shareholders approved spinning off assets that aren’t related to cement production to parent company Inversiones Argos SA.

The plan, initially announced Oct. 26, is subject to approval from regulators and shareholders of Inversiones Argos, the company said in a filing late yesterday.

--Editor: Brendan Walsh

To contact the reporter on this story: Andrea Jaramillo in Bogota at ajaramillo1@bloomberg.net

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


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