LafargeHolcim Raises Dividend, Sells Assets as Brazil Slows
- Cement maker to focus on free cash flow generation to 2018
- Company says merger integration process is `well on track'
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LafargeHolcim Ltd. promised a bigger payout to shareholders and 3.5 billion Swiss francs ($3.4 billion) of asset sales next year as a slowdown in Brazil and China hurt third-quarter earnings.
The Swiss-French company, created this year in a $35 billion merger of Holcim Ltd. and Lafarge SA, has started talks on the potential disposals, Chief Executive Officer Eric Olsen said on a call with journalists.