The proceeds from the sale of the divestment business, which is subject to approval by the Competition Commission of India (CCI), will be used to further reduce debt.
As announced in April 2015, LafargeHolcim has received conditional clearance from the CCI for the merger. In that context, a package of assets for divestments had been agreed with the CCI which includes the Sonadih cement plant and Jojobera grinding station in Eastern India currently operated by Lafarge India. The two plants have an annual cement capacity of 5.15 million tonnes.
The transaction with Birla Corporation Limited as a purchaser will be submitted to the CCI for approval and is subject to other regulatory approvals and customary conditions.
India is an important market for LafargeHolcim with a balanced portfolio in cement, aggregates, and ready-mixed concrete. Following the divestment, the Group will have a cement capacity of around 68 million tonnes in India.
