Lafarge Republic keeps Mindanao, Philippines, assets

Following the sale of its Star terminal at the Harbour Centre in Manila and Lafarge Republic Aggregates (LRAI) for almost PHP 3 billion (€59.95 million/US$65.84 million), cement, marble, and building materials manufacturer Lafarge Republic has chosen to keep its Mindanao assets in the Philippines. The Star Terminal will be bought by cement and aggregates manufacturer Holcim Philippines for PHP 410 million, while Lafarge Republic's 60% interest in LRAI will be purchased for PHP 1.588 billion. The offe
August 6, 2015 Read time: 1 min

Following the sale of its Star terminal at the Harbour Centre in Manila and 725 Lafarge Republic Aggregates (LRAI) for almost PHP 3 billion (€59.95 million/US$65.84 million), cement, marble, and building materials manufacturer Lafarge Republic has chosen to keep its Mindanao assets in the Philippines.

The Star Terminal will be bought by cement and aggregates manufacturer 680 Holcim Philippines for PHP 410 million, while Lafarge Republic's 60% interest in LRAI will be purchased for PHP 1.588 billion.

The offer to purchase both the terminal and aggregates business has been accepted by Lafarge Republic, and an agreement has been signed by Lafarge Republic with Holcim and Holcim Mining Development.

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September 2, 2015

Philippines: AEV, CRH in deal to acquire stakes in LRI's units

Aboitiz Equity Ventures (AEV) of the Philippines and CRH of Ireland are reported to have widened their ties with Lafarge Republic (LRI) in a deal that involves interests in another two of the listed cement manufacturer's assets.

The companies have inked the revised investment deals that involve the stake acquisitions in the subsidiaries of LRI, which are Lafarge Mindanao and Lafarge Iligan.

The transaction will likely be completed within July-December 2015.

According to AEV, Lafarge Mindanao and L

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