Aboitiz Equity Ventures Inc. (AEV) signed a $400-million loan facility with The Bank of Tokyo-Mitsubishi UFJ Ltd. to finance its purchase of Lafarge assets.
In a disclosure to the stock exchange, AEV said it struck a $400 million (P18 billion) bridge loan facility agreement with the Japanese bank to partially finance its acquisition of some Lafarge assets amounting to P24 billion.
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