InterCement Participações SA (InterCement) has submitted a restructuring plan together with its subsidiaries, InterCement Brasil SA, InterCement Financial Operations BV, IntercCement Trading e Inversiones SA and InterCement Trading e Inversiones Argentina (collectively recuperação extrajudicial (EJ) debtors) to the Brazilian courts.
The plan has been approved by the creditors representing more than a third of the indebtedness subject to the EJ in accordance with Brazilian law. The plan does not impact or restructure any obligations of InterCement or its subsidiaries.
Crown Cement earned a profit after tax of BDT1001m in FY24
Crown Cement PLC, in Bangladesh, recently released its annual report for FY23-24. During the las...