Firm says this is part of its plan to cut interest rate payments there.
Firm looking to raise fresh capital through debt paper sale.
Firm looking to raise as much as $168.2 mm.
Losses mount to 27 mm euro in the first three months of the year.
Revenues, profits declined for Italcementi unit on weaker demand.
Firm profits declined despite general increase in sales.
Firm says cost control, sustained growth in core businesses boosted gains last year.
Firm says it is issuing notes of €150 million.
Firm says it will use funds to accelerate development plans in the country.
Firm had reported profits fell in the Q4.
Firm turns in higher year on year gain in the first three months of the year.
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