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The Firm recently represented J.P. Morgan, HSBC, Merrill Lynch, Credit Suisse, Itaú BBA, Banca de Inversión Bancolombia and Valores Bancolombia, as initial purchasers, in connection with the first ever simultaneous offering in the Colombian and international markets of 209,300,000 preferred shares issued by Cementos Argos S.A. The offering was made to qualified institutional buyers in reliance on Rule 144A and outside the United States to non-U.S. persons in reliance on Regulation S under the Securities Act. A total of approximately $880 million in net proceeds was raised in the offering.

Cementos Argos is the leading cement and ready-mix concrete producer in Colombia, with operations in contiguous countries and regions including Panama and the Caribbean, and nine states throughout southeastern United States.

The Simpson Thacher team for this transaction included Jaime Mercado, Grenfel Calheiros, Cristina Quintero, Luis Pellerano, Fernando Arias (Capital Markets), Jonathan Cantor and Chang Wong Choi (Tax).