Lafarge sells aggregate and ready-mix assets

Lafarge sells aggregate and ready-mix assets
Published: 28 December 2010

Lafarge has announced two disposals totaling circa €120 million, as part of its 2010 divestment plan. Lafarge has disposed of the integrality of its Aggregates & Concrete business in Portugal (29 concrete
plants and 4 aggregates quarries) to the Portuguese construction group Secil. This transaction is subject to approval

Lafarge has also sold its Aggregates & Concrete business in Alsace and Switzerland, including eight  concrete production plants (four in Alsace and four in Switzerland) and 8eight  aggregates quarries in Alsace.

The Swiss-based concrete operations have been sold to Holcim Switzerland and the French-based A&C activities have been sold to Eiffage Travaux Publics and Holcim France. This disposal will become effective on December 31, 2010.

These transactions are part of the Group’s divestment plan, exceeding the target of €500 million of divestments over the year.