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Article: Mexico: TPI Polene-Cemex deal facing creditors' rejection.
- Article from:
- South American Business Information
- Article date:
- September 27, 2001
CopyrightCOPYRIGHT 2001 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Mexico, Sep 26, 2001
The agreement between TPI Polene PCL and Cemex of Mexico is unacceptable to the former's creditors according to one of the main creditors Bangkok Bank PCL which wants to see more transparency in Cemex's proposed 72.7% takeover of the Thai cement group and also believes the cut Cemex wants to see occur in the firm's debt (between 12 and 36%) of US$500mil is too high. Cemex would inject US$300mil into TPI Polene to pay off part if the debt. The creditors' decision must come in the next few days with number one creditor Kreditanstalt fur Wiederaufbau yet to ...
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Article: TPI Polene weighs share split ahead of public stock ...
Australasian Business Intelligence;
May 7, 2003 ;
437 words
... ... Wall Street Journal - ABIX via COMTEX) TPI Polene had hoped to raise around $US180 million ... because of lack of market interest. TPI Polene has been restructuring $US1.05 billion ... investors. Publication Date: 6 May 2003 TPI POLENE PCL: THAI PETROCHEMICAL INDUSTRY COMPANY ...
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