Holcim takes bridge but shuns long term debt for equity market

  • 19 Jun 2009
Holcim shunned long term debt this week when it said it would fund its A$2.02bn (Eu1.2bn) takeover of Cemex’s Australian operations with equity. The Swiss building materials group secured a Sfr2bn equity bridge loan shortly before announcing the acquisition on Monday, but that will be used as a ...

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