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LafargeHolcim buys 50% interest in LafargeTarmac as part of divestment process

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UK: As part of the preliminary steps to implement the disposals required by the European Commission for its approval of the merger to create LafargeHolcim, the group has completed the acquisition of the 50% share in Lafarge Tarmac held by Anglo American for Euro1.4bn.

This step is required to allow for the full divestment of Lafarge Tarmac, with the exception of the Cauldon and Cookstown plants and certain non-operational properties, to Ireland's CRH as part of the divestment of several assets in Europe, Canada, Brazil and the Philippines.

The divestments of these assets are expected to be completed at the end of July 2015, with the exception of the Philippines, which is expected to be completed in the third quarter of 2015.

URL: https://globalcement.com/news/item/3890-lafargeholcim-buys-50-interest-in-lafargetarmac-as-part-of-divestment-process

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