Lafarge is to sell its cement activities in Ukraine to CRH plc for an enterprise value of EUR96m.
Lafarge, through its subsidiary Mykolaivtsement, operates a 1.3Mta integrated wet-process works at Mikolaiv in western Ukraine, near Lviv and has a domestic market share of around 12 per cent. The transaction, which is expected to close before year-end, is subject to relevant Ukrainian authorities' approval.
Lafarge will remain present in Ukraine through three aggregates quarries serving the Ukrainian as well as the Russian and Polish markets.
The deal will increase CRH's presence in Ukraine where it operates two cement plants with a combined cement capacity of 3.55Mta through its Podilsky Cement subsidiary.