Votorantim Cimentos postpones IPO

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Votorantim Cimentos S.A., Brazil's largest cement producer with 37% market share, postponed its IPO on Tuesday, citing poor market conditions. The São Paulo, Brazil-based company was founded in 1933 and booked $4.9 billion in sales for the 12 months ended 3/31/2013. Morgan Stanley, J.P. Morgan, Itau BBA and Credit Suisse were set to be the joint bookrunners on the deal.




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