Together with the divestment of its activities in Indonesia, Singapore, and the Philippines, this transaction will result in a deleverage of 0.6 times net debt to recurring EBITDA ratio, and will allow the company to overachieve its target ratio of two times or less by the end of 2019.
Lucy Stewardson
Editorial Assistant
Lucy joined Palladian as an Editorial Assistant for World Cement in August 2018 and is keen to learn more about the editorial process.
Before joining the company, Lucy studied English Literature at the University of Exeter and completed a dissertation on Roald Dahl, before moving to Paris for a year to work as an au pair. Lucy spends her spare time baking, reading, and listening to podcasts, and has been known to throw herself out of a plane for fun.
Related Articles
