Italcementi will sell EU700 Mln in bonds next month

Italcementi SpA plans to sell about 700 million euros ($1 billion) in bonds to institutional investors in February, daily Il Sole 24 Ore reported, without saying where it got the information.

Banca IMI SpA, BNP Paribas SA, Merrill Lynch & Co. and Societe Generale SA are arranging the sale, according to the Italian daily.

Italcementi is expanding its presence in central Asia after signing an agreement with Kazakh fund Verny, Sole said. The fund bought a 6.9 percent stake in Italcementi??s local unit, Sole said.

From China Cement (2010-1-11)