Lafarge announces the divestment of its wholly-owned Cement and Aggregates & Concrete activities in Italy to Italian group Sacci, for an enterprise value of 290M EUR. This operation is part of the Group's ongoing divestment program.
Lafarge has been present in the Italian market through its Cement and Aggregates & Concrete businesses since 1996. It runs two cement plants in the Lombardia and Abruzzo regions, with a total capacity of 1.2MT; 13 ready-mix concrete plants and three aggregates quarries in Abruzzo; and four cement terminals along the east coast of the country. In 2007, Lafarge reported sales of €116M from these activities and EBITDA of €18M.
Sacci is a family-owned Italian group headquartered in Rome, with around 550 employees. It runs operations across Italy, including four cement plants, 31 ready-mix concrete plants and interests in transportation and environmental services.
The transaction will be notified to the Italian antitrust authority in the coming days and is expected to close before year end 2008.
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 90,000 employees in 76 countries, Lafarge posted sales of Euros 17.6 billion and net income of Euros 1.9 billion in 2007.
Lafarge is the only company in the construction materials sector to be listed in the 2008 ‘100 Global 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.