LafargeHolcim to Sell 750 Million Assets in India

2015-08-20 09:36:51

LafargeHolcim Cement announced on August 17 that it had reached an agreement with BIRLA on the sale of its 750 million Swiss franc assets in India. LafargeHolcim Group sold the asset mainly to raise funds and continue to reduce liabilities. The deal is subject to approval by India's Competition Commission.

The Swiss Times quoted Agence France-Presse on August 17 as saying that Lafarge Holcim Cement Group announced on August 17 that it had reached an agreement with BIRLA Limited to sell its assets worth 750 million Swiss francs in India. LafargeHolcim Group sold the asset mainly to raise funds and continue to reduce liabilities. The deal is subject to approval by India's Competition Commission.

After 15 months of preparation and negotiation, Lafarge of France and Holcim Group of Switzerland finally formally merged in mid-July this year, which will achieve a synergy target of up to 1.5 billion Swiss francs (about 1.4 billion euros).

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LafargeHolcim to Sell 750 Million Assets in India

2015-08-20 09:36:51

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Huaxin Launches "Green" Initiative at the Launching Ceremony of Hubei Energy Conservation Publicity Week

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