Breakingviews | Italcementi

Considered view

29 Jun 2009 16:19

Cement boots

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Bondholders claimed the Italian cement group’s buyout of minorities in Ciments Français meant rates should rise on $500m of debt. Rather than risk a court fight, Italcementi called off the deal. That leaves creditors with the same rates – and less chance of getting better ones.

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