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                    [ArticleID] => 262887
                    [Title] => Republic Cement acquires Lafarge cement unit
                    [Summary] => The board of Republic Cement Corp. (RCC) has approved the acquisition of Continental Operating Corp., a wholly-owned subsidiary of Lafarge Cement Philippines Inc., for P1.3 billion, making RCC the largest cement group in the country.


In a disclosure to the Philippine Stock Exchange, RCC said it will issue a convertible loan note worth P1.3 billion to Lafarge in exchange for the latter’s shares in Continental.


The notes will carry an interest rate of eight percent per annum and are convertible into 1.35 billion common shares of RCC after five years from issue date.

                    [DatePublished] => 2004-08-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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LAFARGE CEMENT PHILIPPINES INC

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                    [ArticleID] => 262887
                    [Title] => Republic Cement acquires Lafarge cement unit
                    [Summary] => The board of Republic Cement Corp. (RCC) has approved the acquisition of Continental Operating Corp., a wholly-owned subsidiary of Lafarge Cement Philippines Inc., for P1.3 billion, making RCC the largest cement group in the country.


In a disclosure to the Philippine Stock Exchange, RCC said it will issue a convertible loan note worth P1.3 billion to Lafarge in exchange for the latter’s shares in Continental.


The notes will carry an interest rate of eight percent per annum and are convertible into 1.35 billion common shares of RCC after five years from issue date.

                    [DatePublished] => 2004-08-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

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abtest

Republic Cement acquires Lafarge cement unit

By Zinnia B. Dela Peña | August 28, 2004 - 12:00am

The board of Republic Cement Corp. (RCC) has approved the acquisition of Continental Operating Corp., a wholly-owned subsidiary of Lafarge Cement Philippines Inc., for P1.3 billion, making RCC the largest cement...

Business