Lafarge sells Russian cement operations to Buzzi Unicem for €104mn

Lafarge has sold its cement operations in the Urals region (Russia) to Buzzi Unicem for an enterprise value of €104 million. Lafarge UralCement operates one cement plant located in Korkino, 40km in the south of Chelyabinsk. This divestment will contribute to Lafarge's objective to reduce net debt. The transaction is subject to the authorisation of relevant authorities and customary closing conditions. After this divestment, Lafarge will remain present in Russia in the dynamic Central region (Mo
September 16, 2014 Read time: 1 min

725 Lafarge has sold its cement operations in the Urals region (Russia) to 1451 Buzzi Unicem for an enterprise value of €104 million.

Lafarge UralCement operates one cement plant located in Korkino, 40km in the south of Chelyabinsk.

This divestment will contribute to Lafarge's objective to reduce net debt.

The transaction is subject to the authorisation of relevant authorities and customary closing conditions.

After this divestment, Lafarge will remain present in Russia in the dynamic Central region (Moscow), with notably its Ferzikovo plant inaugurated in May 2014.

Quarry Products

For more information on companies in this article

Related Content

April 1, 2015

Buzzi Unicem expects US market to improve

Buzzi Unicem reported growth slowing in the second half of its finanancial year 2014, with demand weakening in Europe and Asia, but the US remained largely positive.
Earnings were up 4.8% to €423 million (+10.2% on a like-for-like basis). In 2014, Buzzi Unicem sold 25.1 million tonnes of cement and 12 million m³ of ready-mix concrete.
Consolidated net sales were down 0.1% to €2,506.4 million. On a like-for-like basis, net sales would have increased by 3.4%. Foreign exchange rates negatively impacted for

boombox1

Highlighted Content

boombox2