Lafarge announces the sale of its 47% minority stake in its cement operations in Mexico to Elementia for a cash consideration of 225 MUSD (equivalent to 175 M€).
The joint venture between Lafarge and Elementia operates 3 cement plants in central Mexico, close to the capital city.
This divestment will contribute to Lafarge's objective to reduce net debt.
This transaction is subject to the authorization of relevant authorities and customary closing conditions.
NOTES TO EDITORS
A world leader in building materials, Lafarge employs 64,000 people in 62 countries, and posted sales of €15.2 billion in 2013. 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.