Mexichem Prices Shares in $1.2 Billion Capital Increase

Wall Street Journal,10/10/2012

Photo by Flikr user LyfetimeMexican chemicals company Mexichem MEXCHEM.MX +1.42%SAB de CV priced shares at 60 pesos ($4.66) in a capital increase for up to $1.2 billion that the company plans to use to finance expansion projects. Mexichem said in a filing with the Mexican stock exchange that about 40% of the shares were sold locally and that the shares, including overallotments, represent 12.4% of the company.

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