Cement News tagged under: Cementos Portland Valderivvas
Cementos Portland Valderivvas debt reduction plans, Spain15 March 2012, Published under Cement NewsSpanish cement producer Cementos Portland Valderivvas is looking to reduce debt to around EUR1bn from the current EUR1.3bn with two options on the cards. The company is looking for institutional investors to subscribe to its forthcoming capital hike, the proceeds of which will allow Cements Portland to cut debt. It is also considering the divestment of it Giant subsidiary in the USA and reduce its workforce by some 500 employees, Cinco Dias reports For this year, the company is planni... |
Portland Valderivvas prepares new business plan, Spain02 March 2012, Published under Cement NewsSpanish cement producer Cementos Portland Valderivvas is preparing a new business plan for the period until 2016. The plan will be presented before the financial institutions in order to agree on a credit restructuring before the end of June 2012. The measures are expected to include the disposal of US subsidiary Giant, which is seen to be successfully completed in the following months. Abstracted from an original article in Expansion |
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