LafargeHolcim closes divestment of Holcim Indonesia
Published by Lucy Stewardson,
Editorial Assistant
World Cement,
LafargeHolcim has closed its divestment of Holcim Indonesia with the disposal of its entire shareholding of 80.6% of Holcim Indonesia to Semen Indonesia. This was for an enterprise value of US$1.75 billion on a 100% basis.
The proceeds from this transaction will improve the company’s net debt to recurring EBITDA ratio by 0.2, with the target of 2 ties or less to be achieved by the end of 2019.
Read the article online at: https://www.worldcement.com/asia-pacific-rim/01022019/lafargeholcim-closes-divestment-of-holcim-indonesia/
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