Key Developments: Lafarge SA (LAFP.PA)

LAFP.PA on Paris Stock Exchange

29 Jan 2015
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Latest Key Developments (Source: Significant Developments)

Lafarge and Holcim get European Commission clearance for proposed merger
Monday, 15 Dec 2014 12:57pm EST 

Lafarge SA:Lafarge and Holcim have received clearance from the European Commission for their proposed merger.Holcim and Lafarge have now finalised the list of assets for divestment in Europe, which with the exception of a slight change in France essentially corresponds to the list presented in October.Closing of the planned merger is expected in H1 2015.  Full Article

Buzzi Unicem SpA completes acquisition in Uralcement from Lafarge SA
Monday, 1 Dec 2014 08:24am EST 

Buzzi Unicem SpA:Completes acquisition and transfer of a 100 pct interest in Uralcement from Lafarge SA, with parallel payment of a cash consideration of 104 million euros, plus cash acquired.Says the acquisition was performed through fully owned subsidiary Dyckerhoff GmbH.Says Uralcement is located by the town of Korkino, about 40 km South of Chelyabinsk.Says Uralcement consists of a full cycle plant, based on wet technology, with a production capacity of 1.1 million ton/year of portland cement and ample raw material reserves.  Full Article

HeidelbergCement AG refrains from bidding process for assets of Lafarge and Holcim
Sunday, 2 Nov 2014 07:00pm EST 

HeidelbergCement AG:Has decided to refrain from ongoing bidding process for assets offered for sale of Lafarge and Holcim in frame of its merger proceedings.Says company intends to use anticipated proceeds from announced sale of its building products business in North America and United Kingdom for debt reduction and for its own high quality growth projects.  Full Article

Lafarge and Holcim update on proposed merger
Tuesday, 28 Oct 2014 02:02am EDT 

Lafarge SA:Formally notify European Commission, together with Holcim, of proposed merger in order to obtain regulatory approval.Holcim and Lafarge have thus completed all necessary notifications with regulatory authorities worldwide.List of proposed assets for divestment in Europe slightly amended.Companies propose to retain Lafarge's Mannersdorf plant located in Austria and divest all of Holcim's operations in Slovakia.Closing of planned merger expected in H1 2015.  Full Article

Lafarge SA sells minority stake in joint venture with Elementia in mexico
Friday, 19 Sep 2014 12:52pm EDT 

Lafarge SA:Says sale of its 47 pct minority stake in its cement operations in Mexico to Elementia for a cash consideration of 225 MUSD (equivalent to 175 MEUR).Joint venture between Lafarge and Elementia operates three cement plants in central Mexico.  Full Article

Lafarge SA sells one cement plant in Russia for total enterprise value of 104 mln euros
Tuesday, 16 Sep 2014 01:56am EDT 

Lafarge SA:Says sale of its cement operations in Urals region (Russia) to Buzzi Unicem for enterprise value of 104 mln euros.Lafarge Uralcement operates one cement plant located in Korkino, 40km in the south of Chelyabinsk.Says this divestment will contribute to Lafarge's objective to reduce net debt.After this divestment, Lafarge will remain present in Russia in dynamic Central region (Moscow), with notably its Ferzikovo plant inaugurated in May 2014.  Full Article

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

UPDATE 1-CRH races Blackstone for Holcim, Lafarge assets -sources

FRANKFURT/LONDON, Jan 22 - Irish cement maker CRH and a consortium led by Blackstone are battling for assets which Lafarge and Holcim must sell ahead of their planned merger, several people familiar with the matter said.

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