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Vinci Renews Credit Line, Reduces Its Size to $7.1 Bln

Vinci Renews Credit Line, Reduces Its Size to $7.1 Bln

Vinci renewed a revolving credit line with a bank syndicate, reducing its size to 6.5 billion euros ($7.13 billion) from EUR8.0 billion previously.

The French construction group said late Wednesday that it decided to lower the amount of the credit line, which is aimed to fund its general requirements and is currently unused, in light of an increase in its available cash in recent years.

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