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Lafarge sheds A&C units in Portugal, Alsace and Switzerland.


French cement maker Lafarge (EPA:LG) said it had sold its aggregates and concrete (A&C) business in Portugal, Alsace and Switzerland for combined EUR120m (USD159m), as part of its EUR500m divestment plan for 2010.

The business in Portugal, which includes 29 concrete plants and four aggregates quarries, has been acquired by Portuguese construction group Secil, pending regulatory approval.

The unit in Alsace, east of France, has been sold to Eiffage Travaux Publics and Holcim France, while the Swiss operations were bought by Holcim Switzerland.

Both deals will become effective on 31 December, Lafarge said in a statement.

Lafarge's business in Alsace and Switzerland comprises eight concrete production plants and eight aggregates quarries.Country: Switzerland, Portugal, , FranceSector: Construction/Real EstateTarget: Lafarge's aggregates and concrete (A&C) business in Portugal, Alsace and SwitzerlandBuyer: Holcim France, Holcim Switzerland, Secil Group, Eiffage Travaux PublicsVendor: Lafarge SADeal size in USD: 159mType: DivestmentStatus: Agreed


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Publication:M & A Navigator
Geographic Code:4EUFR
Date:Dec 28, 2010
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