LafargeHolcim Divests Holcim Indonesia and Accelerates Deleveraging
12 Novembre 2018 - 09:00PM
Business Wire
Regulatory News:
LafargeHolcim has today signed an agreement with Semen Indonesia
for the disposal of its entire shareholding of 80.6 percent in
Holcim Indonesia for an enterprise value of USD 1.75 billion, on a
100 percent basis. Semen Indonesia is a major building materials
company and the market leader in Indonesia.
LafargeHolcim has decided to divest Holcim Indonesia as part of
the ongoing portfolio review. The assets to be sold to Semen
Indonesia include the entirety of LafargeHolcim’s operations in
Indonesia, which consists of 4 cement plants, 33 ready-mix plants
and 2 aggregate quarries.
Jan Jenisch, CEO of LafargeHolcim: “As part of our Strategy 2022
– ‘Building for Growth’ we have committed to divestments of at
least CHF 2 billion. Today’s announcement is an important milestone
in reaching our target and to increase our financial strength. The
proceeds from this transaction will significantly improve our debt
ratios with the target of 2 times Net Debt to Recurring EBITDA to
be achieved by the end of 2019.”
Closing of the transaction is subject to customary regulatory
approvals.
About LafargeHolcim
LafargeHolcim is the global leader in building materials and
solutions and operates four businesses segments: Cement,
Aggregates, Ready-Mix Concrete and Solutions & Products, which
includes precast concrete, asphalt, mortar and building solutions.
With its broad portfolio LafargeHolcim solves the toughest
challenges masons, builders, architects and engineers are faced
with, from urbanization to population growth and the demand for
affordable housing. Headquartered in Switzerland, LafargeHolcim
holds leading positions in all regions across the globe. It employs
approximately 80,000 employees in around 80 countries and has a
portfolio that is equally balanced between developing and mature
markets. LafargeHolcim is listed on the SIX Swiss Exchange and on
Euronext Paris, and is a member of the Dow Jones Sustainability
Indices (DJSI) European Index.
More information is available on www.lafargeholcim.comFollow us
on Twitter @LafargeHolcim
About Semen Indonesia
Semen Indonesia was established in 1957 and is headquartered in
Gresik, Indonesia. The company is one of the largest cement players
in South East Asia with an annual capacity of 35.9 million tonnes,
operating production plants across Indonesia’s three major islands
(Java, Sumatera and Sulawesi).
Semen Indonesia is the largest State Owned cement producer in
Indonesia, 51 percent owned by the Government of Indonesia, and
publicly listed on the IDX since 1991 with a current market
capitalization of around USD 3.8 billion. Semen Indonesia is a
constituent in the FTSE mid cap and MSCI Indonesia indices.
This media release contains inside information.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20181112005704/en/
LafargeHolcimMedia Relations:Zurich: +41 (0) 58
858 87 10Paris: +33 (0) 1 44 34 11
70media@lafargeholcim.comorInvestor Relations:Zurich: +41
(0) 58 858 87 87investor.relations@lafargeholcim.com