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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.

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