Key Developments: Lafarge SA (LAFP.PA)

LAFP.PA on Paris Stock Exchange

58.47EUR
22 Aug 2014
Price Change (% chg)

€0.31 (+0.53%)
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€58.16
Open
€58.21
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€58.52
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€58.20
Volume
12,035
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516,614
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€67.94
52-wk Low
€45.26

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Latest Key Developments (Source: Significant Developments)

Holcim and Lafarge announce details of proposed asset disposals in Brazil as part of their planned merger
Sunday, 3 Aug 2014 08:00pm EDT 

Holcim Ltd and Lafarge SA:Say together with Lafarge announces further details on their proposal for comprehensive divestments in Brazil, as part of their planned merger of equals to create LafargeHolcim.Say as announced on July 7, joint Divestment Committee has agreed to propose to Brazilian competition authority CADE a package of high-quality assets from both Holcim and Lafarge, which include 3 integrated cement plants and 2 grinding stations.Say as announced, closing of planned merger is expected in H1 2015.  Full Article

Lafarge SA sells its cement operations in Pakistan
Thursday, 24 Jul 2014 03:23am EDT 

Lafarge SA:Announces sale of its cement operations in Pakistan for an enterprise value of $329 mln to BestWay Cement.Lafarge Pakistan Cement Ltd1, listed on Karachi, Lahore and Islamabad stock exchanges.Divestment will contribute to Lafarge`s net debt reduction objective.Lafarge owns 75.86 pct of Lafarge Pakistan Cement Ltd.  Full Article

Anglo American plc to sell its 50 pct ownership interest in Lafarge Tarmac Holdings Ltd to Lafarge SA
Monday, 7 Jul 2014 01:05am EDT 

Anglo American plc:Reached an agreement in principle for sale of its 50 pct ownership interest in Lafarge Tarmac Holdings Ltd to Lafarge SA.Sale for minimum value of 885 mln Pound (about $1.5 bln) in cash, on debt and cash free basis and subject to other customary working capital adjustments.  Full Article

Lafarge SA to merge South Africa, Nigeria units in $1.35 bln deal-Reuters
Monday, 2 Jun 2014 08:00pm EDT 

Lafarge SA:Lafarge is to combine its South Africa business with publicly traded Nigerian unit Lafarge Cement WAPCO Nigeria Plc, listing its Africa interests together on the Lagos bourse, its country chief executive officer said on June 3-Reuters.Guillaume Roux said the deal, worth $1.35 billion, will see the Lafarge group get $200 million in cash and 1.40 billion new shares in Lafarge WAPCO to effect the merger.The new company Lafarge Africa Plc will have a market capitalization of over $3 billion listed on the Nigerian Stock Exchange, Roux told a news conference.Lafarge group will own 73 percent of the combined entity.The combined company would seek to boost capacity by 5.5 million tonnes to 17.5 million tonnes after the merger.Roux said he expected the deal, which is still subject to shareholders' and regulatory approvals, to close in the second half of the year.  Full Article

Lafarge sells cement operations in Ecuador for $553 mln
Tuesday, 27 May 2014 12:29pm EDT 

Lafarge SA:Sells its cement operations in Ecuador for enterprise value of $553 mln (405 mln euros) to Union Andina de Cementos S.A.A. (UNACEM).Lafarge Cementos SA operates integrated cement plant of 1.4 million tons capacity, located in Otavalo, North of Ecuador.Transaction subject to customary closing conditions.  Full Article

Lafarge to distribute FY 2013 dividend
Tuesday, 6 May 2014 08:00pm EDT 

Lafarge SA:Company's Combined shareholders' meeting approves FY 2013 dividend distribution of 1 euro per share and loyalty dividend of 1.10 euro per share.Ex-dividend date July 1.Dividend to be paid on July 4.  Full Article

Lafarge SA and Holcim sell Ciments Guyanais to Argos
Wednesday, 9 Apr 2014 12:26pm EDT 

Lafarge SA:Sells with Holcim French Guiana company owned in equal parts, Ciments Guyanais, to Argos.Argos to pay 50 million euros for Ciments Guyanais.  Full Article

Fitch places Lafarge SA on rating watch positive
Tuesday, 8 Apr 2014 08:00pm EDT 

Fitch Ratings:Places Lafarge SA's 'BB+' Long-term Issuer Default Ratings (IDR) and senior unsecured bonds on Rating Watch Positive (RWP), following announcement of its merger with Holcim Ltd.RWP reflects expectations that Lafarge's IDR could be upgraded following completion of merger with Holcim.  Full Article

Lafarge and Holcim announce merger of equals
Monday, 7 Apr 2014 01:58am EDT 

Lafarge SA:Announces together with Holcim intention to combine two companies through merger of equals.Intention unanimously approved by respective Board of Directors and fully supported by core shareholders of both companies.Lafarge and Holcim pro forma combined sales amount to about 39 bln Swiss francs / 32 bln euros and EBITDA to about 8 bln Swiss francs / 6.5 bln euros.Lafarge and Holcim to occupy complementary positions after strategic optimization of portfolio through pro-active divestment process, in anticipation of regulatory requirements.LafargeHolcim to be listed on SIX in Zurich and Euronext Paris and to continue being domiciled in Switzerland.LafargeHolcim to operate under local governance rules with board composed with equal numbers of Lafarge and Holcim directors and through efficient distribution of central corporate functions in France and Switzerland.Executive Committee to be formed from both Lafarge and Holcim management.Proposed combination to be structured as public offer filed by Holcim for all outstanding shares of Lafarge on basis of 1 for 1 exchange ratio with agreement to have equal dividends on per share basis between announcement and completion.Proposed combination conditional upon, among other things, execution of definitive documentation, approval of shareholders of Holcim and obtaining required regulatory and other customary authorizations.Completion expected by end of H1 2015 subject to obtaining regulatory approvals.  Full Article

Lafarge confirms merger talks with Holcim
Friday, 4 Apr 2014 11:35am EDT 

Lafarge SA:Confirms that Lafarge and Holcim are in advanced discussions regarding possible combination.Discussions are based on principles consistent with merger of equals.No agreement has yet been reached and no assurance can be given that these discussions will lead to definitive agreement.  Full Article

CVC in talks with Singapore's GIC over Holcim-Lafarge assets - Sky News

LONDON - Private equity firm CVC [CVC.UL] is in talks with Singapore's Government Investment Corporation [GIC.UL] over possible joint bids for assets of cement firms Holcim and Lafarge , Sky News reported on Tuesday, without naming its sources.

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