Lafarge sells one Cement Plant in Russia for a total enterprise value of €104 Million

NYSE Euronext Paris: LG
09.16.2014
 

Lafarge announces the sale of its cement operations in the Urals region (Russia) to Buzzi Unicem for an enterprise value of 104 million euros.

Lafarge UralCement operates one cement plant located in Korkino, 40km in the south of Chelyabinsk.

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.

After this divestment, Lafarge will remain present in Russia in the dynamic Central region (Moscow), with notably its Ferzikovo plant inaugurated in May 2014.

 

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.

 

Documents

The press release (pdf, 155.63 KB)