Valderrivas secures loan for Lemona deal

Valderrivas secures loan for Lemona deal
Published: 19 January 2006

Cementos Portland Valderrivas said on Wednesday that it had secured bank loans worth €250 million to finance its takeover bid for fellow cement manufacturer Cementos Lemona. It said half of the funding would come from savings bank BBK, while Banco Bilbao Vizcaya Argentaria and Banco Sabadell would provide the balance in equal parts. Both BBVA and BBK are shareholders of Cementos Lemona.