Lafarge raises US$186m from Malaysian unit stake sale
Lafarge has executed the sale of a minority interest of 11.2% in Lafarge Malayan Cement Berhad (LMCB) by way of a placement done on Bursa Malaysia Securities Berhad.
Lafarge keeps the management control of the Malayan activities and remains the majority shareholder with a 51% controlling shareholding in LMCB via its subsidiaries, Lafarge Cement UK PLC and Associated International Cement Ltd.
The net proceeds of €141m will contribute to Lafarge’s divestment program for the year 2010 that was announced in February.
Published under Cement News
