[ad_1]
LafargeHolcim Probably Sells Indonesian Cement Section (1)
L afargeHolcim ltd. plans to sell his business in Indonesia as people familiar with the report of the case. The largest cement producer in the world is looking to streamline its operations.
The company is working with Citigroup Inc. on a divestment potential of the division, which could attract construction materials companies, local tycoons and private equity companies Anonymity, since the procedure is not public. While sales efforts are at an early stage and value has not yet been established, the Jona-based company in Switzerland could charge around $ 2 billion for the division, they said.
No final decision has yet been made and Lafarge Holcim could still decide not to sell, they said. Representatives of LafargeHolcim and Citigroup did not comment on the information.
LafargeHolcim's share price climbed 1.4% on Friday in Zurich and 47% in the late afternoon.
(Supplemented by price developments in last paragraph.)
Source link
