EBRD mulls loan to Lafarge Serbia

EBRD mulls loan to Lafarge Serbia
12 November 2012

The European Bank for Reconstruction and Development (EBRD) said on Friday it is considering providing EUR58m (US$75m) in financing to Serbian cement producer Lafarge Beocinska Fabrika Cementa to support its capital expenditure programme.

The programme includes the development of a number of energy efficiency investments, further modernisation of production facilities, environmental enhancements, and targeted acquisitions and integration of aggregates businesses with its main cement operations, the EBRD said in a statement.
The investment will be made in three separate tranches to reflect the timing of the investments.

Lafarge Beocinska Fabrika Cementa is fully owned by Lafarge.

Published under Cement News