Construction & Infra
€71.5m rescue package for Carthage Cement (Tunisia)

€71.5m rescue package for Carthage Cement (Tunisia)

Adel Grar, Chairman of Carthage Cement, announced on Tuesday a rescue plan for the heavily indebted construction materials company.

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            ▪ €71.5m rescue package for Carthage Cement (Tunisia)

▪ Adel Grar, Chairman of Carthage Cement, announced on Tuesday a rescue plan for the heavily indebted construction materials company.

http://www.jeuneafriquebusinessplus.com/en/798975/e71-5m-rescue-package-for-carthage-cement-tunisia/

09/10/2019 at 17h40, by Jeune Afrique Business+, updated 22/10/2019

The plan foresees a 130% capital increase, i.e. 223.8m dinars ($78.9m) It also provides for an arrangement, backed by Tunisia’s central bank, with creditor banks for the rescheduling of the remaining debt ($217m) over twelve years, including a two-year grace period, a 2-point drop in interest rates and a partial repayment of bank debts.

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