EBRD mulls loan to Lafarge Serbia

EBRD mulls loan to Lafarge Serbia
Published: 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.