YTL increases Lafarge Malaysia stake in second deal

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Malaysia: YTL Cement has increased its shareholding in Lafarge Malaysia to 76.98% following the conclusion of a mandatory general offer (MGO). In a bourse filing, Maybank Investment Bank said the MGO had been concluded at the close of business on 14 June 2019, with YTL Cement acquiring an additional 220.72 million shares, or 25.98% of Lafarge Malaysia, for US$198m.

On 6 May 2019 YTL concluded its purchase of 51% of Lafarge Malaysia from Associated International Cement Ltd (AICL). It paid US$390m on that occasion.

Last modified on 19 June 2019


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