Lafarge to make early Orascom loan payback

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Lafarge to make early Orascom loan payback

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Lafarge, the French cement group, will repay a big part of its Eu7.2bn jumbo loan signed last February early, as it implements a deleveraging plan. It has also launched a fully underwritten Eu1.5bn rights issue and has secured a new Eu1bn two year loan to loosen its covenants.

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