Spain's Uralita gets 320 million euro loan from KKR

MADRID, April 29 Mon Apr 29, 2013 2:00am EDT

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MADRID, April 29 (Reuters) - Private equity firm KKR & Co LP has agreed to give Spain's Uralita a 320 million euro ($417 million), seven-year loan, the Spanish firm said in a regulatory filing on Monday.

Uralita, a construction materials manufacturer, said the agreement would allow it to repay its bank creditors and bondholders while providing more time and funds to develop its future plans.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.