Lafarge pulls out of Cementos Portland Valderrivas plant deal

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Spain: French cement multinational Lafarge has reportedly withdrawn from talks that it was having regarding the acquisition of a Catalonian cement plant from the Spanish sector player Cementos Portland Valderrivas (CPV). The decision was attributed to Lafarge's merger project with Swiss cement maker Holcim, which will most probably lead to the sale of assets in European countries, including Spain.

Lafarge had been negotiating the acquisition of the Vallcarca plant for several months. The plant has a cement capacity of 1.3Mt/yr. Lafarge previously placed a Euro20m offer for the facility, which was rejected by CPV.

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