Italcementi Group disposes of its 5.24% stake in West China Cement
Published by Joseph Green,
Editor
World Cement,
Italcementi Group, via its affiliate CimFra (China) Limited S.A.S., has disposed of its 5.24% stake in West China Cement for upfront consideration of HK$341 million, equivalent to approximately €38. 5 million, subject to later adjustments through a derivative contract with Credit Agricole CIB.
The disposal of the minority WCC stake has no impact on EBITDA generation capacity at Group level.
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/europe-cis/21092015/italcementi-group-disposes-stake-631/
You might also like
World Cement Podcast
In the latest episode of the World Cement Podcast, Senior Editor David Bizley is joined by Dr Andrew Minson of the GCCA to discuss the ins and outs of the recently launched Low Carbon Ratings (LCR) system.
Molins announce first quarter results
Net profit reached €48 million, equivalent to earnings per share of 0.73 euros, 6% lower than the same period of the previous year.
