Lafarge announces the sale of its cement operations in Honduras to Cementos Argos for a total enterprise value of €435 million (€232 million for the share of Lafarge1). This enterprise value represents a 2012 EBITDA multiple of 8.6.
Sold assets comprise an integrated cement plant with a capacity of 1 million tons and a grinding station with a 0.3 million tons capacity.
This transaction is subject to relevant regulatory approvals.
¹Lafarge owns 53.3% of its Honduran subsidiary (Lafarge Cementos SA de CV)
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A world leader in building materials, Lafarge employs 65,000 people in 64 countries, and posted sales of €15.8 billion in 2012. As a top-ranking player in its Cement, Aggregates and Concrete businesses, it contributes to the construction of cities around the world, through its innovative solutions providing them with more housing and making them more compact, more durable, more beautiful, and better connected. With the world's leading building materials research facility, Lafarge places innovation at the heart of its priorities in order to contribute to more sustainable construction and to better serve architectural creativity. Since 2010, the Lafarge Group has been part of the Dow Jones Sustainability World Index, the first global sustainability benchmark in recognition of its sustainable development actions.