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Shares of cement and building materials company Cemex ([[CX]] +3.9%) march higher on plans to sell a minority stake in a Latin American unit to be listed on Colombia's stock exchange, part of the Mexican company's efforts to sell assets to pay down its heavy debt load. Credit Suisse raises its rating, believing the move allows CX to cover most or all the $1B due by March 2013 under its refinancing.

Shares of cement and building materials company Cemex (CX +3.9%) march higher on plans to sell a minority stake in a Latin American unit to be listed on Colombia's stock exchange, part of the Mexican company's efforts to sell assets to pay down its heavy debt load. Credit Suisse raises its rating, believing the move allows CX to cover most or all the $1B due by March 2013 under its refinancing. Post your comment!

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