Fives receives €200 million government loan
Published by Emily Thomas,
Deputy Editor
World Cement,
Fives had announced that it has obtained a €200 million loan guaranteed by the French State, through facilities provided by six banks: BNP Paribas, Bpifrance Financement, Crédit Industriel et Commercial, Crédit Lyonnais, Natixis and Société Générale, entered into on 30 June 2020.
This loan, 90% guaranteed by the French State, will secure Fives’ requirements in terms of liquidity in a time when the COVID-19 crisis has slowed down the business activity in many of its markets. It will also contribute to financing the group’s technological and commercial developments to prepare the future and confirm its positioning as a key player in the industry of the future.
Read the article online at: https://www.worldcement.com/europe-cis/16072020/fives-receives-200-million-government-loan/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Shaping The Future Through Shredding
Gary Moore, UNTHA Shredding Technology GmbH, highlights the global momentum behind alternative fuels and the role of advanced shredding in shaping cement’s low-carbon future.
