Cement News tagged under: Debt Reduction
Cementos Portland Valderrivas extends credit line, Spain18 July 2012, Published under Cement NewsCementos Portland Valderrivas has reached an agreement with its creditors to extend by end-July the maturity of a EUR-340m credit line, due to expire yesterday. The company has intention to refund its debt standing at EUR1.4bn. (Source: Cinco Días) |
HeidelbergCement’s debt reduction focus16 July 2012, Published under Cement NewsHeidelbergCement plans to cut its debt by about 16 per cent to EUR6.5bn to boost its credit rating and share price according to reports in the Frankfurter Allgeemeine Sonntagzietung said, citing an interview with CEO Bernd Scheifele said. Debt reduction is the top priority and the time isn’t right for bold acquisitions, Mr Scheifele said. HeidelbergCement has cut debt by EUR7bn to EUR7.7bn in the four years ending 2011, Scheifele added. The company aims to reach EUR6.5bn of debt, but M... |