Europe / Middle East / Africa
Lafarge obtains extension for 1.2 billion-euro credit facility
Mar, 21 2012
(France) -- Lafarge SA (LG), the world’s biggest cement maker, has extended a 1.2 billion-euro ($1.6 billion) credit facility, according to a statement from the company.
The credit line, originally due to mature in July 2013, will now run to July 2015 after a deal supported by 24 lenders, the Paris-based company said.
The facility doesn’t include any default clauses linked to financial covenants, credit ratings or material adverse change, according to the statement.
Steppe Cement Ltd said it sold 198,607t of cement in the 1Q14 for KZT2486m (US$13.7m), compared to 166,121t of cement for KZT2272m in 1Q13, representing an increase of 20 and nine per cent, respectively. More
The Oyak Group, which has various cement interests Turkey, is looking into acquisition opportunities in the cement sector. More