Mexico: Lafarge sells its minority stake in Elementia

Mexico: Lafarge sells its minority stake in Elementia
Published: 22 September 2014

Tagged Under: Lafarge Mexico Elementia 

Lafarge announces the sale of its 47 per cent minority stake in its cement operations in Mexico to Elementia for a cash consideration of US$225m (EUR175m).

The joint venture between Lafarge and Elementia operates three cement plants in central Mexico, close to the capital city. This divestment will contribute to Lafarge's objective to reduce net debt. This transaction is subject to the approval of relevant authorities and customary closing conditions.