Lafarge to sell India assets to Nirma for $1.4 billion

Posted on:12 Jul 2016 18:27:50

Lafarge to sell India assets to Nirma for $1.4 billion
12 July 2016 Current Affairs: Lafarge-Holcim has entered into an agreement with Nirma Ltd to sell its entire 100% holding in cement maker Lafarge India for an enterprise value of $1.4 billion.

The deal is subjected to approval from the Competition Commission of India (CCI) also the proceeds from the divestment will be used to reduce debt.

Lafarge India operates three cement plants and two grinding stations with a total capacity of around 11 million tonnes per annum. 

The company also markets aggregates and is one of India's leading ready-mix concrete manufacturers. The proceeds from the divestment will be used to reduce debt further.


Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs July 2017

21 JULY
NEWS
20 JULY
NEWS
19 JULY
NEWS
18 JULY
NEWS

Current Affairs June 2017

30 JUNE
NEWS
29 JUNE
NEWS
28 JUNE
NEWS
27 JUNE
NEWS

Current Affairs May 2017

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
27 MAY
NEWS