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.
Join us on 20th & 21st April 2021 for an online conference focusing on reducing the cement industry's environmental footprint. Register for free today »
