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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The company has decided to reduce its number of employees by 500; this includes 80 members of staff from its headquarters in Copenhagen, Denmark, and 420 staff from offices elsewhere.
