Building materials and solutions company
The process was finalised with the disposal of LafargeHolcim's entire 51% shareholding in
Together with the divestment of its activities in Indonesia, Singapore and the Philippines, Lafarge says that the Malaysia transaction will result in a significant deleverage of 0.6 times net debt to recurring EBITDA ratio and allow the company to overachieve its target ratio of 2 times or less by the end of 2019.
LafargeHolcim has been divesting operations in what it terms fringe markets, and earlier this year completed the sale of its majority stake in Holcim Indonesia to
