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News LafargeHolcim closes divestment of Holcim Indonesia

LafargeHolcim closes divestment of Holcim Indonesia

Written by Global Cement staff 01 February 2019
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Indonesia: LafargeHolcim has closed the divestment of its Holcim Indonesia. It has sold its 80.6% share of the subsidiary to Semen Indonesia for US$1.75bn. The deal was first announced in November 2018. The company said that the proceeds from the sale would ‘significantly’ improve its net debt to recurring earnings before interest, taxation, depreciation and amortisation (EBITDA) ratio by 0.2 with the target of two times or less to be achieved by the end of 2019. LafargeHolcim has been targeting divestments as part of its Strategy 2022 initiative.

Last modified on 07 May 2019
Published in Global Cement News
Tagged under
  • Indonesia
  • LafargeHolcim
  • Holcim Indonesia
  • Divestments
  • Semen Indonesia
  • Switzerland
  • GCW390

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