Tranche Update on GCC, S.A.B. de C.V. (BMV:GCC *)'s Equity Buyback Plan announced on October 26, 2021.
January 31, 2023 at 04:06 pm EST
Share
From January 1, 2022 to December 31, 2022, the company has repurchased 3,751,295 shares, representing 1.13% for MXN 493.75 million. With this, the company has completed the repurchase of 3,769,295 shares, representing 1.14% for MXN 496.52 million under the buyback announced on October 26, 2021.
GCC SAB de CV, formerly known as Grupo Cementos de Chihuahua SAB de CV, is a Mexico-based company primarily engaged in the construction materials sector. The Company foocuses on the production and marketing of cement and other related building materials. The Companyâs product portfolio includes Portland grey cements, ready-mixed concrete, gypsum, additives and limestone aggregates, as well as such prefabricated products as walls, architectural concrete blocks and paving stones, among others. The Company also offers technical support and assistance for the installation of its prefabricated structures. The Company operates in Mexico and the United States, through such subsidiaries as GCC Comercial SA de CV, GCC Concreto SA de CV, GCC Rio Grande Inc, GCC Dacotah Inc, GCC Alliance Concrete Inc, Mid Continent Concrete Inc and Consolidated Ready Mix Inc.
GCC, S.A.B. DE C.V. 
