Africa/Asia: Holcim has agreed to sell Holcim Madagascar, Holcim Reunion, Lafarge Comoros, Lafarge Mauritius and Lafarge Mayotte to Cementis Océan Indien, a newly launched subsidiary of Mauritius-based Taylor Smith Investment. The Les Echos newspaper has reported that Cementis Océan Indien's acquisition of Lafarge Seychelles is on-going.
Cementis Océan Indien chair Colin Taylor said "The companies that have been bought are all financially solid.” He added "Cementis is positioned as the regional leader in the production and distribution of cement."