Cement News tagged under: capital expansion

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Cementos Portland in EUR200m capital increase

24 June 2015, Published under Cement News

The shareholders of Spain's Cementos Portland have approved a EUR200m increase in the Spanish cement producer’s capital to strengthen its balance and reduce its debt. Cements Portland will issue new shares at EUR6.5 each to help alleviate its EUR1.3bn debt while it works on “different alternatives” and wrote down EUR100m last February.