Anglo enter binding agreement on Lafarge Tarmac sale
Tuesday, August 5, 2014 - 16:20
Anglo American reach binding agreement on sale of 50% interest in Lafarge Tarmac to Lafarge SA
FURTHER to the announcement on 7 July 2014, Anglo American plc have reached a binding agreement to sell their 50% ownership interest in the Lafarge Tarmac Holdings Ltd joint venture to Lafarge SA for a minimum value of £885 million (approximately US$1.5 billion) in cash, on a debt- and cash-free basis, and subject to other customary working capital adjustments.
The terms and conditions of the agreement are consistent with those announced on 7 July 2014.