LafargeHolcim closes divestment of activities in Malaysia
Published by Lucy Stewardson,
Editorial Assistant
World Cement,
LafargeHolcim has completed the divestment of its activities in Malaysia with the disposal of its entire 51% shareholding in Lafarge Malaysia Berhad to YTL Cement Berhad for a total enterprise value of CHF982 million. The transaction will reduce the Group’s net financial debt by close to CHF600 million.
Together with the divestment of its activities in Indonesia, Singapore, and the Philippines, this transaction will result in a deleverage of 0.6 times net debt to recurring EBITDA ratio, and will allow the company to overachieve its target ratio of two times or less by the end of 2019.
Read the article online at: https://www.worldcement.com/asia-pacific-rim/20052019/lafargeholcim-closes-divestment-of-activities-in-malaysia/
You might also like
Ready to revolutionise the cement industry?
Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.
This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.
A sustainable step forward
Lafarge Canada and CarbiCrete partner to scale deployment of carbon-negative concrete technology.
