Lafarge launches rights issue backing loan repayment
French building materials group Lafarge received support from its core shareholders for one-third of the Eu1.5bn rights issue backing its debt restructuring plans as it announced details of the offer today (Wednesday). The remainder is being fully underwritten by the same group of banks — BNP Paribas, Calyon, Citi, HSBC, Morgan Stanley and Société Générale — that provided a Eu1bn loan as part of the same restructuring package announced in February.
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