Lafarge sell cement operations in Pakistan

Cement operations in Pakistan sold to BestWay Cement for total enterprise value of US$329 million

LAFARGE have announced the sale of their cement operations in Pakistan for an enterprise value of US$329 million (€244 million) to BestWay Cement.

Lafarge own 75.86% of Lafarge Pakistan Cement Ltd, who are listed on the Karachi, Lahore and Islamabad stock exchanges, operate an integrated cement plant, located close to Islamabad in the North of the country.

The divestment will contribute to Lafarge’s net debt reduction objective.

The transaction is subject to authorization from the relevant authorities and compliance with regulatory obligations.