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News Feb 15, 2017

Shearman & Sterling Advises on Secondary Offering by Cemex, S.A.B de C.V. of Grupo Cementos de Chihuahua, S.A.B. de C.V.’s Common Stock

Shearman & Sterling represented Citigroup Global Markets Inc. and J.P. Morgan Securities, LLC, as the initial purchasers, in connection with a secondary equity offering by Cemex, S.A.B de C.V., as selling shareholder, pursuant to a registered public offering in Mexico and a Rule 144A/Regulation S offering outside of Mexico of 45 million shares of common stock of Grupo Cementos de Chihuahua, S.A.B. de C.V. (GCC) at a price of Ps.95.00 per share. GCC’s shares are listed on the Mexican Stock Exchange.

GCC produces, markets and distributes cement, ready-mix concrete, aggregates and other cement-related products. GCC operates in the United States and Mexico, with six cement production facilities, 117 ready-mix concrete plants, 20 cement distribution terminals and two distribution centers.

The following Shearman & Sterling team advised the initial purchasers in the transaction: partner Antonia Stolper (New York-Capital Markets); counsel Jeffrey Tate (Washington, DC-Tax); associate Antonio Herrera Cuevas (San Francisco-Capital Markets); visiting attorneys Ana Maria Alpizar and Lili Abascal (New York-Capital Markets); and associate Azeka Lobo (Washington, DC-Tax.