Spain: Spanish builder Fomento de Construcciones & Contratas SA (FCC) is to help its cement unit Cementos Portland Valderrivas make a debt payment by transferring rescue funds, according to Bloomberg. FCC has reportedly received approval to creditors to transfer Euro20m to Cementos Portland Valderrivas, which owes lenders Euro50m on 30 September 2014. Meeting the payment deadline will buy Cementos Portland Valderrivas more time to restructure about Euro1Bn of loans with creditors.
Fomento de Construcciones & Contratas to transfer rescue funds to Portland Valderrivas
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