Monier restructuring deal delayed -sources
LONDON, June 30 |
LONDON, June 30 (Reuters) - Last-minute talks have delayed the restructuring deal for French building materials company Monier Group [PAIPRM.UL], three sources with knowledge of the situation said.
The 1 billion euro ($1.41 billion) debt-for-equity deal is now due to sign on Thursday, the sources said. It had been expected to be signed on Monday. [ID:nLQ625931]
The lenders driving the deal had aimed to complete the agreement before June 30 when Monier is due to make a large interest payment on its debts, which total nearly 2 billion euros. (Reporting by Tom Freke; editing by Quentin Webb)
($1=.7077 Euro)
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