Lafarge, Anglo eye disposals to ease cement JV-report

Lafarge, Anglo eye disposals to ease cement JV-report
Published: 09 May 2011

Lafarge and Anglo American plan to sell GBP600m worth of assets to pay down debt and avoid anticompetitive action, the Financial Times said on Monday, citing people familiar with the talks.

Assets to be put up for sale include cement plants, quarries and ready-mix concrete mills, the paper said.

The two companies announced in February a construction materials joint venture with expected combined sales of GBP1.8bn.