With this new offering, the company seeks to continue advancing the "Sprint" program, which aims to recover the price of its shares and increase the liquidity of its stock on the Colombian stock exchange.

Cementos Argos, a cement company controlled by Grupo Argos, launched a new share buyback offer this Monday for a total of 25 billion Colombian pesos (just over US$6 million or more than 5.5 million euros).

With this new offering, the company seeks to continue advancing the "Sprint" program, which aims to recover the price of its shares and increase the liquidity of its stock on the Colombian stock exchange.

As in the past, the offering will allow holders of common and preferred shares who choose to participate to specify not only the number of shares they are willing to sell but also the price at which they are willing to do so, as established by the book-building mechanism.

Through the execution of this offering and all the pillars comprising the third version of the 'Sprint' program, the company has reaffirmed its commitment to creating value for its shareholders, with the conviction that a significant value gap persists between the company's current share price and its fundamental value.