Italcementi SpA plans to sell about EUR700m (US$1bn) in bonds to institutional investors in February, daily Il Sole 24 Ore reported, without saying where it received the information.
Banca IMI SpA, BNP Paribas SA, Merrill Lynch & Co. and Societe Generale SA are arranging the sale, according to the Italian daily.
Italcementi is expanding its presence in central Asia after signing an agreement with Kazakh fund Verny, Sole said. The fund bought a 6.9 percent stake in Italcementi’s local unit, Sole said. (Edited report from Bloomberg)