Italcementi sell 5.24% stake in West China Cement

Byszheng

Updated Wed, 23 Sep 2015 15:20:15 GMT

Italcementi Group, via its affiliate CimFra (China), has disposed of its 5.24 per cent stake in West China Cement for $43m subject to later adjustments through a derivative contract with Credit Agricole CIB.

The disposal of the minority West China Cement stake has no impact on EBITDA generation capacity at group level, Italcementi said in a statement on Friday.