Cementos Argos - December 2013

Cementos Argos has now finalised its acquisition of Lafarge’s 53.5 per cent stake in Honduran subsidiary Lafarge Cementos SA de CV. The deal, which is worth EUR232m (US$306m) includes a 1Mta integrated cement plant and a 0.3Mta grinding works. The transaction is based on an enterprise value of EUR435m, representing a 2012 EBITDA multiple of 8.6.

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