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News Siam City Cement buys LafargeHolcim Vietnam

Siam City Cement buys LafargeHolcim Vietnam

Written by Global Cement staff 05 August 2016
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Vietnam: Siam City Cement has signed an agreement to buy LafargeHolcim’s entire 65% stake in LafargeHolcim Vietnam for US$890m. LafargeHolcim Vietnam operates one integrated cement plant and four cement grinding plants with a grinding capacity of 6.3Mt/yr. The company is also a leading ready-mix concrete producer that operates seven plants in southern Vietnam. The sale is subject to regulatory and shareholder approvals, as well as to a right of first refusal of LafargeHolcim’s joint venture partner, and is expected to occur in the fourth quarter of 2016.

Last modified on 09 August 2016
Published in Global Cement News
Tagged under
  • Vietnam
  • Siam City
  • LafargeHolcim
  • Acquisition
  • GCW263

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