Belgium: Etex raises €400mn

The Belgian-headquartered construction material producer Etex has raised €400 million through a new bond issue, the maximum amount it intended to raise. The money will be used, either in part or in its entirety, to help pay a loan of €450 million, which was taken out for the purchase of the plasterboard division of the French group Lafarge.
September 10, 2012 Read time: 1 min

The Belgian-headquartered construction material producer 4445 Etex has raised €400 million through a new bond issue, the maximum amount it intended to raise.

The money will be used, either in part or in its entirety, to help pay a loan of €450 million, which was taken out for the purchase of the plasterboard division of the French group 725 Lafarge.

Etex paid €850 million for Lafarge's plasterboard division.

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