LafargeHolcim closes divestment of Holcim Indonesia and accelerates deleveraging
01 Février 2019 - 7:00AM
Business Wire
Regulatory News:
LafargeHolcim has closed the divestment of Holcim Indonesia with
the disposal of its entire shareholding of 80.6 percent in Holcim
Indonesia to Semen Indonesia for an enterprise value of USD 1.75
billion, on a 100 percent basis.
The proceeds from this transaction significantly improve the Net
debt to Recurring EBITDA ratio by 0.2 with the target of 2 times or
less to be achieved by the end of 2019 (*).
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
(*) before IRFS 2016.
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