LafargeHolcim to Sell India Unit to Nirma for $1.4 Billion

Updated on
  • Company confident of reaching CHF3.5 billion disposal goal
  • Indian cement market has suffered decrease in prices

LafargeHolcim Ltd. agreed to sell an Indian building-materials business to Nirma Ltd. for an enterprise value of about $1.4 billion as the world’s biggest cement company trims assets to help pay down debt and protect an investment-grade credit rating.

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