Alfa unit Nemak raises US$682 million in Mexico IPO

Tuesday's IPO priced the shares at US$1.2 each. Some of the funds raised could be used to finance Alfa's purchase of Canadian oil firm Pacific Rubiales.
Taken from the company's website
01/07/2015
09:53
-A +A

Nemak, the auto parts unit of Mexican conglomerate Alfa, raised 10.752 billion pesos (US$682 million) in its initial public offering, the company said on Wednesday.

Tuesday's IPO priced the shares at 20 pesos (US$1.2) each.

Ramón Leal, Alfa's chief finance officer, said last month that some of the funds raised could be used to finance its purchase of Canadian oil firm Pacific Rubiales.

Nemak, which is part-owned by Ford Motor Co, accounts for more than one-quarter of Alfa's revenue.

 

 

Mantente al día con el boletín de El Universal

 

COMENTARIOS