UK: Anglo American announced that it has reached an agreement to sell Tarmac Building Products Limited (TBP) to Lafarge Tarmac Holdings Limited.
Lafarge Tarmac is the 50:50 joint venture of Lafarge's and Anglo American's construction materials and services businesses in the UK. The terms of the transaction are confidential and the transaction is subject to regulatory approvals. The transaction is expected to close in the first half of 2014.
Both TBP and Lafarge Tarmac operations will continue to operate independently until such approvals are obtained.