[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

102.56

+0.09 +0.09%

CONCPI

91.35

-0.31 -0.34%

CLKPI

109.12

-0.05 -0.05%

SPPI

45.12

0.00 0.00%

MORPI

74.84

0.00 0.00%

Cement Network Data: Cement Output Forecast of 31 Provinces and Cities in China in October 2025

From January to October, the forecast data of cement production in 31 provinces and cities in China showed the situation of cement production in various regions. From January to October, the total output of cement in China decreased compared with the same period last year, and the output in October also showed a downward trend compared with the same period last year, but increased compared with September. Among the provinces and cities, the cumulative output of Xizang from January to October increased by 13. 71% compared with the same period last year, while the cumulative output of Shanxi from January to October decreased by -16. 05%. On the whole, cement production in most provinces and cities has declined to varying degrees year on year.