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.
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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.
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