Cementos Argos launches new share repurchase offer for $25,000 million
According to the statement released by the company, the offer will be carried out through the book-building method. Photo: Cementos Argos
TL;DR
- Cementos Argos is launching a new $25 billion Colombian pesos share repurchase offer.
- This is the ninth such offer by the company and is part of the Sprint 3.0 program.
- The offer utilizes a book-building mechanism, allowing shareholders to set sale quantities and prices.
- The company reported record returns in 2025, with over COP $3.5 trillion distributed to shareholders.
- Shareholder returns in dollars reached 60% in 2025, and 700% cumulatively since 2023.
- Key performance indicators like Roce (14-15%) and EBITDA margin (>25%) for 2025 have been met.
- The company has paid COP $1 trillion in dividends, split equally between ordinary and extraordinary.
- A remaining balance of $115 billion Colombian pesos is available for share repurchases.
- Stock liquidity has increased significantly, with average daily liquidity up 15 times and market capitalization up 400%.
- Strategic goals include establishing a US operations platform targeting USD $200-300 million annual EBITDA in five years.
- The offer reaffirms the company's commitment to shareholder value creation, citing a gap between stock price and fundamental value.