Corus get longer credit of banks
Spent: 1 august 2003,08:50
LONDON - Brits-Nederlandse the steel company gets Corus 2.5
year longer credit of the banks. The venture has with them
agreement reaches June 2006 concerning a loan to by the end of. The loan
a credit replaces that in January 2004 expires.
The new agreement gives the right to the concern for 1.2
billion euro Friday to take, thus Corus. The venture
some years try all show through the costs, among others
job to cross out and British establishments to close.
Corus, in which the Dutch Hoogovens have been taken, see
moreover that the steel prices something incur. As a result, expects
venture that the company result over the first six-month period
approximately 100 millions improve euro will be then in the first six-month period
of 2002. Then the company result 141 was millions euro negative.
For the second six-month period Corus expect of loving advantage
improvements. However, the company the market circumstances remain
defying and uncertain call.
(c) DUTCH PRESS AGENCY
Source "Corus gets longer credit of banks": now.Netherlands
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