In this way, the law has convicted the Mexican cement company of Liability and Damage by having breached a shareholder agreement, depriving its then-partner, CIMSA, of its preferential right of purchase in the event that GCC sold shares in its stake in the Bolivian Cement Company (Soboce). Instead of complying with the agreement, Grupo Cementos de Chihuahua decided to sell 47.02% of its shares to the Consorcio Cementero del Sur (CCS), without first notifying CIMSA.

To maintain transparency in the Mexican cement market, it is not enough for Grupo Cementos de Chihuahua to comply with the award issued by us legal authorities; you must also comply with the obligation to inform, in a relevant and transparent manner, its shareholders and the Mexican Securities Exchange of the dispute with CIMSA, the fixed judgment of the US Court, and the amount established to be paid as a result of the award issued against you; because failure to comply with this GCC obligation would be in breach of the Securities market law. It should be noted that the judgment of the Court of Appeals of the Tenth Circuit of the United States is supported by the New York Convention, which, in terms of reputation costs, is not a fact to be overlooked.

According to analysts, it appears that GCC's strategy to evade compliance with the award rendered against it is to continue to lengthen this process, even though the legal possibilities for the Mexican cement company to pay the compensation for CIMSA have already been exhausted and this age-old conflict ended; which, if it continues to be rising, would only result in increased debt and shareholder participation to bear the high costs that this can bring.

• GCC SAB de CV