Holcim receives final compensation installment for nationalization of its operations in Venezuela

12.01.2014
 

Holcim today announces that the Group has received the last compensation installment in connection with the nationalization of Holcim Venezuela in 2008. The Corporación Socialista Del Cemento, S.A. that is operating the former Holcim plant has now transferred the remaining compensation amount of USD 97.5 million which was due on September 10, 2014.

The agreed total compensation amount for nationalization of Holcim Venezuela was USD 650 million.

 

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Holcim is one of the world's leading suppliers of cement and aggregates (crushed stone, gravel and sand) as well as further activities such as ready-mix concrete and asphalt including services. The Group holds majority and minority interests in around 70 countries on all continents.

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Corporate Communications: Phone +41 58 858 87 10
Investor Relations: Phone +41 58 858 87 87

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