On 27 November CEMEX repurchased 7 million CPOs at a weighted-average price of MXN9.4 per CPO. Including fees and value-added tax, the total amount of CPO repurchases was MXN65.9 million (approximately US$3.2 million). To execute these CPO purchases, CEMEX engaged Citibanamex Casa de Bolsa, S.A. de C.V., Casa de Bolsa, integrante del Grupo Financiero Citibanamex.
“We are pleased to initiate our share buyback programme, which is one of the capital allocation options we have to create value for our shareholders,” said Fernando A. González, CEO of CEMEX.
