Related News
Home 禄 Business 禄 Real Estate
Big French builders to raise capital
By Andrew Noel |
February 21, 2009, Saturday
|
Print Edition
Print Edition
TWO of France's biggest building materials companies plan to raise capital to shore up finances eroded by slowing construction markets.
Lafarge SA, the world's biggest cement producer, and building-materials supplier Saint-Gobain SA plan to sell 3 billion euros (US$3.8 billion) combined in shares.
Saint-Gobain said that it will offer investors 1.5 billion euros of stock at 14 euros apiece. That's 50 percent less than yesterday's closing price of 27.99 euros.
Lafarge is yet to announce terms but said that its two largest shareholders, Groupe Bruxelles Lambert and NNS Holding, back the plan.
The companies have spent more than US$25 billion combined on acquisitions to expand globally.
Lafarge is Europe's most indebted cement maker after buying Orascom Construction's cement unit for US$15 billion in 2007 to become the Middle East's top supplier.
Lafarge SA, the world's biggest cement producer, and building-materials supplier Saint-Gobain SA plan to sell 3 billion euros (US$3.8 billion) combined in shares.
Saint-Gobain said that it will offer investors 1.5 billion euros of stock at 14 euros apiece. That's 50 percent less than yesterday's closing price of 27.99 euros.
Lafarge is yet to announce terms but said that its two largest shareholders, Groupe Bruxelles Lambert and NNS Holding, back the plan.
The companies have spent more than US$25 billion combined on acquisitions to expand globally.
Lafarge is Europe's most indebted cement maker after buying Orascom Construction's cement unit for US$15 billion in 2007 to become the Middle East's top supplier.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
