LAFARGEHOLCIM

LafargeHolcim divests activities in Malaysia and Singapore ...

LafargeHolcim has signed an agreement with YTL Cement Berhad for the divestment of its entire 51 % shareholding in Lafarge Malaysia Berhad for a consideration of US$ 396 million fully payable in cash, corresponding to MYR 3.75 per share. This price represents a premium of 43 % compared to the last 90 days trading period of Lafarge Malaysia Berhad on the Malaysian stock exchange.

Lafarge Malaysia Berhad operates three integrated cement and two grinding plants. With the divestment, LafargeHolcim will fully exit the Malaysian market. YTL Cement Berhad is part of YTL Corporation Berhad, a Malaysian infrastructure conglomerate, which is mainly active in cement production, construction, property development and utilities.

Additionally, LafargeHolcim has signed an agreement with YTL Cement Singapore PTE Ltd for the divestment of its entire 91 % shareholding in Holcim Singapore Ltd.

The proceeds of both transactions will allow LafargeHolcim to further improve its debt ratio by approximately 0.1 times, contributing to reach its target ratio of Net Debt to Recurring EBITDA of 2 times or less* by the end of 2019.

Closing of the transaction is expected within Q2, 2019 and is subject to customary approvals.

//www.lafargeholcim.com" target="_blank" >www.lafargeholcim.com:www.lafargeholcim.com

x

Related articles:

Issue 7-8/2016 LAFARGEHOLCIM

LafargeHolcim enters into agreement with Nirma Limited for divestment­ of Lafarge­ India

LafargeHolcim announced it has entered into a letter agreement with ­Nirma Limited subject to approval by the Competition Commission of India (CCI) for the divestment of its interest in Lafarge India...

more
Issue 6/2019

... as well as in the Philippines

LafargeHolcim has signed an agreement with San Miguel Corporation for the divestment of its entire 85.7 % shareholding in Holcim Philippines Inc. for an enterprise value of US$ 2.15 billion, on a 100...

more
Issue 9/2016 LAFARGEHOLCIM

LafargeHolcim to divest Holcim Lanka

LafargeHolcim has signed an agreement with Siam City Cement Public Company Limited for the divestment of its interest in Holcim Lanka for an enterprise value of US$ 400 million. Holcim Lanka operates...

more
Issue 1-2/2019 LAFARGEHOLCIM

LafargeHolcim divests Holcim Indonesia

LafargeHolcim has signed an agreement with Semen Indonesia for the disposal of its entire shareholding of 80.6 % in Holcim Indonesia for an enterprise value of US$ 1.75 billion, on a 100?% basis....

more

World Cement Association welcomes YTL Cement

The World Cement Association has announced that it is welcoming YTL Cement to its international membership. The company is one of the largest and most profitable manufacturers of cement, ready-mix...

more