Bloomberg News

Alpek Plans Investor Meetings for IPO Starting Today, CFO Says

April 11, 2012

Alpek SAB plans to meet with investors beginning today in an effort to drum up demand for Mexico’s first initial public offering in nine months, said Ramon Leal, chief financial officer of the parent company.

Alpek, the country’s biggest petrochemical company, will hold the meetings in at least four countries over the next two weeks, according to Leal, who spoke by phone from London.

The company is seeking to raise as much as 11.2 billion pesos ($853.8 million) through an IPO planned for April 25, according to a prospectus published today on the stock exchange’s website. Shares in the company, which is based in the suburbs of Monterrey, will be priced at 27.50 pesos to 31.50 pesos each, the filing showed.

A team will meet with investors in London starting today, and meetings in Mexico and the U.S. will begin April 16, said Leal, the finance chief at parent company Alfa SAB, the world’s largest producer of aluminum engine heads. Alpek will also meet with investors in Toronto before the sale, Leal said.

Citigroup Inc.’s Banamex unit and HSBC Holdings Plc are managing the share sale, according to the prospectus. Credit Suisse Group AG and Morgan Stanley are also participating in the effort.

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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