July 7 Global miner Anglo American Plc
said it would sell its 50 percent stake in Lafarge Tarmac to
Lafarge for a minimum value of 885 million pounds
($1.51 billion) in cash, on a debt and cash free basis.
The sale will be subject to a number of conditions including
the completion of the Lafarge-Holcim merger, Anglo American said
in a statement.
Anglo American and Lafarge would work towards finalising the
terms of a definitive agreement in the third quarter of 2014,
the company said.
($1 = 0.5877 British pounds)
(Reporting by Aashika Jain in Bangalore; Editing by Sunil Nair)