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.
US tariffs will hit Greek and Canadian cement producers hardest
Canadian and Greek cement producers will be hit hardest by US tariffs. Adding to the already ann...