Lafarge to Sell More Chinese Assets as CEO Aims to Boost MarginsBy
Huaxin to pay $215 million for plants, grinding stations
Agreement follows sale of listed Chinese company Shuangma
LafargeHolcim Ltd., the world’s largest cement maker, agreed to sell some plants to Huaxin Cement Co. for 208 million Swiss francs ($215 million), the company’s second asset sale in China this week as Chief Executive Officer Eric Olsen cuts debt and tries to boost profitability.
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