(AOF) – Hoffmann Green Cement Technologies announces the completion of a second issue of bonds with the option of conversion and/or exchange into new or existing shares (Oceane) subscribed by funds managed by Odyssée Venture for a nominal amount of ‘around 5 million euros. The Oceane will mature on May 22, 2029. The objective of issuing the OCEANE is to enable the Company to acquire additional resources as part of the deployment of its industrial and commercial strategy, at advantageous financial conditions and with dilution. limited potential.
The funds received will notably make it possible to promote the development of the group’s production capacities, research and development of new innovative solutions; strengthening the sales team.
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Lack of visibility
The National Union of Quarry and Construction Materials Industries (Unicem) indicates that, after an initial decline in the second quarter, activity continues to deteriorate in the third quarter and records a decline as much in aggregates (-1.3 %) than on ready-mixed concrete (-0.9%). Over the first nine months of the year, the decline was 2% for the entire materials activity. Only tiles and bricks manage to show slight increases in activity.
The general outlook is deteriorating and recruitment difficulties and rising costs are the main sources of concern. Furthermore, Unicem highlights the difficulties in implementing the projects. Production of materials could decline this year by 3% for ready-mixed concrete (BPE) and 4% for aggregates.