LafargeHolcim to divest LafargeHolcim Vietnam

LafargeHolcim has signed an agreement with Siam City Cement for the divestment of its entire 65% shareholding in LafargeHolcim Vietnam for an enterprise value of CHF 867 million (on a 100 per cent basis).

LafargeHolcim Vietnam operates one integrated plant and four grinding plants with an annual cement grinding capacity of 6.3 million tonnes.

The company is also a leading ready-mix concrete producer operating seven plants in Southern Vietnam.??Closing of the transaction in Vietnam is subject to customary regulatory and shareholder approvals, as well as to a right of first refusal of LafargeHolcim’s joint venture partner, and is expected to occur in the fourth quarter of 2016.

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