FRANKFURT (Thomson Financial) - HeidelbergCement AG said it is winding down
the commercial paper programmes at its UK unit Hanson PLC, whose takeover it
completed last month.
There will be no further issuances on a 2 bln eur programme lauched in Feb
2004 by Hanson Finance PLC, and the 197 mln eur still outstanding on the debt
will be repaid at maturity on Nov 9. Thereafter the programme will be closed.
A 2 bln usd programme launched in March 2004, on which no sums are
outstanding, will be closed by the first quarter of next year, HeidelbergCement
said in a statement.
christoph.steitz@thomson.com
cs1/jms
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