Consolidated Infrastructure Group restructures debt
The listed company says it wants to focus on turning around its largest subsidiary, Conco
09 March 2020 - 19:35
Listed infrastructure company Consolidated Infrastructure Group (CIG) has converted R613m of its short-term debt to a long-term facility following an agreement with its lenders.
CIG, whose portfolio spans power, building materials, oil and gas and rail, said the restructuring of the debt would allow it to focus on the turnaround of wholly-owned subsidiary Consolidated Power Projects (Conco)...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.