February 14, 2018 / 4:52 PM / in 4 months

BRIEF-Cementir Holding Acquires Additional 38.75% Stake In Lehigh White Cement Company

Feb 14 (Reuters) - Cementir Holding Spa:

* FY PRELIM. REVENUE EUR 1.14 BILLION VERSUS EUR 1.03 BILLION YEAR AGO

* TO EXPAND ITS PRESENCE IN US BY ACQUIRING ADDITIONAL 38.75% STAKE OF LEHIGH WHITE CEMENT COMPANY (LWCC)

* TO REACH A MAJORITY OF 63% STAKE IN LEHIGH WHITE CEMENT COMPANY

* ADDITIONAL STAKE IN LWCC TO BE ACQUIRED THROUGH AMERICAN SUBSIDIARY AALBORG CEMENT COMPANY FOR A CASH CONSIDERATION OF USD 106.6 MILLION Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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