The government's transition committee responsible for negotiating the sale of the Mexican cement company Cemex said in a statement that it unanimously decided to suspend the payment of the outstanding dividends of the company.
According to the statement, last October 20th, the members of the committee decided to suspend the payment after examining the doubts raised by the Venezuelan National Securities Commission (CNV).
The Mexican subsidiary of the cement group agreed last May the payment of dividends and told shareholders who attended the assembly that the assets of the company in Panama, Dominican Republic, Trinidad and Tobago and Guadeloupe had been disinvested.
But in June, the National Securities Commission (CNV) sent a communication to the cement company in which it requested a report with details of the decisions made at the meeting. Among the items to be explained by Cemex to the CNV was the decision to sell assets abroad.
The cement company also should report the percentage that such assets represent within the domestic assets of the company and the procedure used to calculate the value of such companies for the purpose of determining the selling price. The company is currently estimating with government officials the price of the shares.
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