Karachi, July 24, 2014 (PPI-OT): Lafarge announces the sale of its cement operations in Pakistan for an enterprise value of US$ 329 million (244 million Euros) to Best Way Cement. Lafarge Pakistan Cement Ltd, listed on the Karachi, Lahore and Islamabad stock exchanges, operates an integrated cement plant, located close to Islamabad in the North of the country.
This divestment will contribute to Lafarge’s net debt reduction objective. This transaction is subject to the authorization from relevant authorities and compliance with regulatory obligations.
For more information, contact:
Head of Communications
Lafarge Pakistan Cement Limited
Plot 18-B, Kaghan Road,
F-8 Markaz, Islamabad
Category: General Business News