Consunji completes deal to purchase Casec for $272M

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The story "Consunji completes deal to purchase Casec for $272M" was covered 1 days ago by Business Mirror, a news publisher based in Philippines.

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Consunji completes deal to purchase Casec for $272M - Business Mirror

Quick Summary:

The Consunji Group on Tuesday said it has successfully completed its acquisition of Mexican firm Cemex Asian South East Corp.(Casec) for $272 million or about P16 billion.

At the end of the tender offer, Cemex’s public float was at 10.09 percent, which is still at the minimum requirement of the PSE.

Consunji, DMCI’s board advisor, executive vice president and chief finance officer, has been appointed as president and CEO of Cemex.