Lafarge to Sell More Chinese Assets as CEO Aims to Boost Margins

  • 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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