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Old 25th Feb 2014, 13:07
  #2066 (permalink)  
Angry Rebel
 
Join Date: Mar 2005
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How will they fund it? If that is the best Racedo can offer then best not to feed the troll....

They have €897m in gross cash of which none seems to be restricted and when you deduct debt they still have €420m. They could write a cheque in the morning.

If they wanted to maintain current cash reserves (e.g. to fund upcoming PDPs or fund cost takeout programmes) they would have a queue of banks around the back of H6 offering them debt of €140m based on €60m of profit and €420m of net cash in the bank.
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