Indonesia: LafargeHolcim has signed an agreement with Semen Indonesia to sell its 80.6% share of Holcim Indonesia for US$1.75bn. The assets to be sold to Semen Indonesia include the entirety of LafargeHolcim’s operations in Indonesia, which consists of four cement plants, 33 ready-mix plants and two aggregate quarries. LafargeHolcim says it decided to divest Holcim Indonesia as part of the on-going portfolio review. Closing of the transaction is subject to customary regulatory approvals.
“As part of our Strategy 2022 – ‘Building for Growth’ we have committed to divestments of at least Euro1.8bn. Today’s announcement is an important milestone in reaching our target and to increase our financial strength,” said Jan Jenisch, chief executive officer (CEO) of LafargeHolcim.
