LafargeHolcim to Divest Stake in Lafarge India for EV of $1.4b
Source: BFW (Bloomberg First Word)
Tickers
LHN VX (LafargeHolcim Ltd)
NIRMA IN (Nirma Ltd)
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UUID: 7947283
(Bloomberg) -- LafargeHolcim says agreed with Nirma, subject to approval by Competition Commission of India, divestment of its interest in Lafarge India for an enterprise value of ~$1.4b
Alert: HALISTER- Lafarge India operates three cement plants and two grinding stations with a total capacity of around 11m tonnes pa
- The proceeds from divestment will be used to reduce debt further
- LafargeHolcim has a divestment target of CHF3.5b in 2016
- July 8: Lafarge India Unit Purchase Race Narrows to Local Companies: ET Link
Source: BFW (Bloomberg First Word)
Tickers
LHN VX (LafargeHolcim Ltd)
NIRMA IN (Nirma Ltd)
To de-activate this alert, click here
UUID: 7947283