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News LafargeHolcim closes Malaysian divestment to YTL Cement

LafargeHolcim closes Malaysian divestment to YTL Cement

Written by Global Cement staff 20 May 2019
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Malaysia: LafargeHolcim has completed the divestment of its activities in Malaysia with the disposal of its entire 51% shareholding in Lafarge Malaysia to YTL Cement for around Euro872m. The group says that the transaction will reduce its net financial debt by close to Euro530m. Together with the divestment of its activities in Indonesia, Singapore and the Philippines, this transaction is expected to ‘significantly’ reduce the company’s net debt to recurring earnings before interest, taxation, depreciation and amortisation (EBITDA) ratio.

Last modified on 22 May 2019
Published in Global Cement News
Tagged under
  • Malaysia
  • LafargeHolcim
  • Results
  • YTL Cement
  • Divestments
  • Switzerland
  • GCW405
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