Lafarge to receive €141M for sale of 11.2% minority interest in Lafarge Malayan Cement Berhad

16 July 2010
 

Lafarge has executed the sale of a minority interest of 11.2% in Lafarge Malayan Cement Berhad (“LMCB”) by way of a placement done on Bursa Malaysia Securities Berhad. Lafarge keeps the management control of the Malayan activities and remains the majority shareholder with a 51% controlling shareholding in LMCB via its subsidiaries, Lafarge Cement UK PLC and Associated International Cement Ltd.

The net proceeds of €141M will contribute to Lafarge’s divestment program for the year 2010 that was announced in February.


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 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.


 

Not for distribution in the United States, Canada, Australia or Japan 

The securities mentioned herein have not been, and will not be, registered under the US Securities Act of 1933, as amended. They may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. 

​Any offers of the securities pursuant to the possible transaction described in this press release will be subject to the restrictions of directive 2003/71/ec of the European Parliament and of the Council of November 4th, 2003 (the "Prospectus Directive") including any relevant implementing measures in each member state of the European Economic Area in which the Prospectus Directive has been implemented. Potential investors into whose possession this press release comes are required by Lafarge to inform themselves about and to observe these restrictions. 

 
Didn't find what you were looking for?

Didn't find what you were looking for?

If you are interested in content published before 2011, please contact the Corporate Communications team at LafargeHolcim.

E-Mail