Lafarge announces two disposals totaling circa €120 million, as part of its 2010 divestment plan.
The Aggregates & Concrete business in Portugal
Lafarge has disposed of the integrality of its Aggregates & Concrete business in Portugal (29 concrete plants and 4 aggregates quarries) to the Portuguese construction group Secil.
This transaction is subject to approval by the Portuguese competition authorities.
The Aggregates & Concrete businesses in Alsace (East of France) and Switzerland
Lafarge has sold its Aggregates & Concrete business in Alsace and Switzerland, including 8 concrete production plants (4 in Alsace and 4 in Switzerland) and 8 aggregates quarries in Alsace.
The Swiss-based concrete operations have been sold to Holcim Switzerland and the French-based A&C activities have been sold to Eiffage Travaux Publics and Holcim France. This disposal will become effective on December 31, 2010.
These transactions are part of the Group's divestment plan, exceeding the target of €500 million of divestments over the year.
Notes to editors
Lafarge is the world leader in building materials, with top-ranking positions in all of its businesses: Cement, Aggregates & Concrete and Gypsum. With more than 78,000 employees in 78 countries, Lafarge posted sales of Euros 15.9 billion in 2009.
In 2010 and for the sixth year in a row, Lafarge was listed in the ‘Global 100 Most Sustainable Corporations in the World'. With the world's leading building materials research facility, Lafarge places innovation at the heart of its priorities, working for sustainable construction and architectural creativity.