LafargeHolcim buys 50% share in Lafarge Tarmac as part of divestment process

As part of the preliminary steps to implement the disposals required by the European Commission for its approval of the merger to create LafargeHolcim and as previously announced, the Group today completed the acquisition of the 50 percent share in Lafarge Tarmac held by Anglo American for €1.419 billion (£992 million). The transaction is required to allow for the full divestment of Lafarge Tarmac, with the exception of the Cauldon and Cookstown plants and certain non-operational properties, to CRH as p

Quarry Products / July 17, 2015

As part of the preliminary steps to implement the disposals required by the 1022 European Commission for its approval of the merger to create 8161 LafargeHolcim and as previously announced, the Group today completed the acquisition of the 50 percent share in 7235 Lafarge Tarmac held by 722 Anglo American for €1.419 billion (£992 million).

The transaction is required to allow for the full divestment of Lafarge Tarmac, with the exception of the Cauldon and Cookstown plants and certain non-operational properties, to 723 CRH as part of the divestment of several assets in Europe, Canada, Brazil and the Philippines.

The divestments of these assets are expected to be completed at the end of July, with the exception of the Philippines, which is expected to be completed in the third quarter of 2015.

The divestment process is being carried out in the framework of the relevant social processes and the ongoing dialogue with the employee representatives' bodies and has received all relevant regulatory and third party approvals.

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