Lafarge sells Honduras operations to Cementos Argos

Lafarge sells Honduras operations to Cementos Argos
03 September 2013


Lafarge announced the sale of its cement operations in Honduras to Cementos Argos for a total enterprise value of EUR435m, the France-based cement major announced in a statement today. This enterprise value represents a 2012 EBITDA multiple of 8.6.

Lafarge owns 53.3 per cent of the Honduran subsidiary, Lafarge Cementos SA de CV. The assets sold comprise an integrated cement plant with a capacity of 1Mta and a grinding station with a 0.3Mta capacity.

The transaction is subject to relevant regulatory approvals.
 

Published under Cement News