Chile: Blondot confirms Lafarge divestment plans

Chile: Blondot confirms Lafarge divestment plans
Published: 21 July 2009

In a note to the Superintendencia de Valores y Seguros (SVS), the general director of Lafarge Chile, Xavier Blondot has admitted that the company is sounding out options regarding a proposed sale of its stake of 82.74% in the filial, the former Cementos Melon.

Lafarge is carrying out a global plan of divestment to the tune of more than Euro$1bn. The group is also looking into other options other than a direct sale of the Chilean stake but interest from potential buyers such as Votorantim, Vale and Colombian group Argos should be high. One bid from Chilean investors has already been rejected.