Lafarge Announces the Sale of Its Cement Operations in Honduras
PARIS -- September 3, 2013
Lafarge (Paris:LG) announces the sale of its cement operations in Honduras to
Cementos Argos for a total enterprise value of €435 million (€232 million for
the share of Lafarge^1). This enterprise value represents a 2012 EBITDA
multiple of 8.6.
Sold assets comprise an integrated cement plant with a capacity of 1 million
tons and a grinding station with a 0.3 million tons capacity.
This transaction is subject to relevant regulatory approvals.
^1 Lafarge owns 53.3% of its Honduran subsidiary (Lafarge Cementos SA de CV)
NOTES TO EDITORS
A world leader in building materials, Lafarge employs 65,000 people in 64
countries, and posted sales of €15.8 billion in 2012. As a top-ranking player
in its Cement, Aggregates and Concrete businesses, it contributes to the
construction of cities around the world, through its innovative solutions
providing them with more housing and making them more compact, more durable,
more beautiful, and better connected. With the world’s leading building
materials research facility, Lafarge places innovation at the heart of its
priorities in order to contribute to more sustainable construction and to
better serve architectural creativity. Since 2010, the Lafarge Group has been
part of the Dow Jones Sustainability World Index, the first global
sustainability benchmark in recognition of its sustainable development
actions. More information is available on Lafarge's website: www.lafarge.com
NYSE, Euronext Paris : LG
Christel des Royeries: +33 (0)1 44 34 19 47
Sabine Wacquez: +33 (0)1 44 34 96 83
Anne Plaisance: +33 (0)1 44 34 18 18
Stéphanie Billet: +33 (0)1 44 34 93 71
Michael Bennett: +33 (0)1 44 34 11 51
Laurence Le Gouguec: +33 (0)1 44 34 94 59
Press spacebar to pause and continue. Press esc to stop.