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Lafarge to sell India assets to Nirma for $1.4 billion

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.


January 2017 Current affairs
16 JAN
NEWS
13 JAN
NEWS
12 JAN
NEWS
11 JAN
NEWS
10 JAN
NEWS
9 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
NEWS
26 DEC
NEWS




November 2016 Current affairs
30 NOV
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29 NOV
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28 NOV
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October 2016 Current affairs
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September 2016 Current affairs
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26 SEP
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