[Original] Lafarge decides to sell its business in Pakistan

2014-07-25 09:49:32

Lafarge has announced that it will sell its 75.86% stake in Lafarge (Pakistan) Cement Limited, identifying Bestway Cement as the buyer.

Lafarge has announced that it will sell its 75.86% stake in Lafarge (Pakistan) Cement Limited, identifying Bestway Cement as the buyer. It is reported that about 190 million euros from the transaction will be used to reduce its debt, but the transaction still needs to be approved by the local market and antitrust authorities.

Editor's note: Bestway Cement is owned by Bestway Group, the second largest cash and carry company in the United Kingdom, and is the second largest cement producer in Pakistan. Budweiser Group has invested more than $1 billion in Pakistan and is the largest overseas investor in Pakistan.

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[Original] Lafarge decides to sell its business in Pakistan

Lafarge has announced that it will sell its 75.86% stake in Lafarge (Pakistan) Cement Limited, identifying Bestway Cement as the buyer.

2014-07-25 09:49:32

[Original] Lafarge's Assets in Pakistan May Be About to Complete the Sale

Although Lafarge (Pakistan) Cement Limited (LPCL) has not yet announced the final tender date for its 75.86% stake, the frequent activity of potential buyers indicates that Lafarge may be about to complete the sale of its assets in Pakistan.

2014-06-26 15:43:39

CEMPI

92.86

+0.02 +0.02%

CONCPI

88.22

-0.02 -0.02%

CLKPI

97.43

+0.10 +0.10%

SPPI

42.58

-0.05 -0.12%

MORPI

73.32

0.00 0.00%

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