[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

95.32

+0.01 +0.01%

CONCPI

89.44

0.00 0.00%

CLKPI

97.71

0.00 0.00%

SPPI

44.78

-0.13 -0.29%

MORPI

73.32

0.00 0.00%

Hebei Building Material Industry Association Attends Shandong Cement Association for Discussion

On June 4, the delegation of Hebei Building Materials Industry Association went to Shandong Cement Industry Association to hold a symposium. The two sides conducted in-depth exchanges and practical discussions on common issues such as the current operation characteristics of the building materials industry, changes in the market environment and industrial transformation and upgrading. This visit is a concrete practice of Hebei Association to actively innovate its working methods and serve the healthy development of the industry, aiming at learning from the advanced experience of other provinces and jointly exploring a new path for the high-quality development of the cement industry.