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Fives receives €200 million government loan

Published by , 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.

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European cement news Fives Group news