Belgium: EC approves takeover of Joris Ide

The European Commission has given its approval for the planned takeover of Belgian company Joris Ide Group by Irish company Kingspan Group. Both companies produce construction sheets and sandwich panels. The deal will not reduce competition.
March 17, 2015 Read time: 1 min

RSSThe European Commission has given its approval for the planned takeover of Belgian company 8043 Joris Ide Group by Irish company 4567 Kingspan Group.

Both companies produce construction sheets and sandwich panels. The deal will not reduce competition.

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November 17, 2015

Kenya’s ARM Cement to raise $105mn from selling bonds

ARM Cement of Kenya is planning to raise up to US$105 million (€97.50 million) by selling five-year bonds to private investors, and it will use proceeds to repay short-term debts.

The bond will have fixed and floating rates and issued in both US dollar and Kenya Shillings.

The company will not list the bonds on Nairobi Securities Exchange and it will initially target to raise US$90 million and raise another US$15 million if the bonds were oversubscribed.

ARM Cement registered a net loss of KES 469

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