Agg-Net

The Aggregates & Recycling Information Network
Mobile Menu
From the organisers of
 

Lafarge to buy out interest in Lafarge Shui On Cement

Agreement to acquire 45% stake held by SOCAM Development, subject to completion of merger with Holcim

LAFARGE have signed an agreement to acquire the 45% stake held by SOCAM Development Ltd in Lafarge Shui On Cement for a consideration of HK$2,553 million (c.€294 million), subject to the completion of their merger project with Holcim.

With a total cement production capacity of 32 million tonnes in the south-west Chinese provinces of Yunnan, Sichuan, Guizhou and Chongqing, Lafarge Shui On Cement would thus become a wholly-owned subsidiary of LafargeHolcim following completion of the merger project and this purchase.

The transaction is also subject to the approval of the shareholders of SOCAM.

Share this page

Add new comment

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.