China: Lafarge to buy out 45% interest in Lafarge Shui On Cement

China: Lafarge to buy out 45% interest in Lafarge Shui On Cement
03 March 2015


Lafarge has signed an agreement to acquire the 45 per cent stake held by SOCAM Development Ltd
in Lafarge Shui On Cement, for a consideration of HKD2553m (c€294m) subject to the completion of its merger project with Holcim.

With a total cement production capacity of 32Mta in South West China in the provinces of Yunnan, Sichuan, Guizhou and Chongqing, Lafarge Shui On Cement would thus become a wholly-owned subsidiary of LafargeHolcim following completion of the merger project and this purchase.

This transaction is also subject to the approval of the shareholders of SOCAM.

Published under Cement News