Edition:
India

LafargeHolcim Divests Shareholding In Holcim Philippines For Enterprise Value Of $2.15 Billion


Thursday, 9 May 2019 

May 9 (Reuters) - LafargeHolcim Ltd ::LAFARGEHOLCIM DIVESTS ACTIVITIES IN THE PHILIPPINES.LAFARGEHOLCIM DIVESTS ACTIVITIES IN PHILIPPINES.DIVESTMENT OF 85.7 PERCENT SHAREHOLDING IN HOLCIM PHILIPPINES FOR AN ENTERPRISE VALUE OF USD 2.15 BILLION.AGREEMENT WITH SAN MIGUEL CORPORATION FOR DIVESTMENT OF ITS SHAREHOLDING IN HOLCIM PHILIPPINES.PROCEEDS OF DIVESTMENT WILL ALLOW CO TO FURTHER IMPROVE ITS DEBT RATIO BY APPROXIMATELY 0.3 TIMES.ON TRACK TO ACCELERATE EXECUTION OF OUR STRATEGY 2022 - 'BUILDING FOR GROWTH'. 

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