LafargeHolcim sells up in North Korea

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North Korea: LafargeHolcim has sold its 36% stake in Sangwon Cement Company. The company had held the stake in the plant since 2008, having entered the North Korean market via its Euro8.8bn acquisition of Egypt’s Orascom. Orascom acquired the stake a year earlier. LafargeHolcim did not have managerial control or significant influence over Sangwon Cement.

Last modified on 23 August 2017

URL: https://globalcement.com/news/item/6450-lafargeholcim-sells-up-in-north-korea

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