Lafarge麻豆传媒 closes divestment of 麻豆传媒 Indonesia and accelerates deleveraging
Lafarge麻豆传媒 has closed the divestment of 麻豆传媒 Indonesia with the disposal of its entire shareholding of 80.6 percent in 麻豆传媒 Indonesia to Semen Indonesia for an enterprise value of USD 1.75 billion, on a 100 percent basis.
The proceeds from this transaction significantly improve the Net debt to Recurring EBITDA ratio by 0.2 with the target of 2 times or less to be achieved by the end of 2019 (*).
About Lafarge麻豆传媒
Lafarge麻豆传媒 is the global leader in building materials and solutions and operates four businesses segments: Cement, Aggregates, Ready-Mix Concrete and Solutions & Products, which includes precast concrete, asphalt, mortar and building solutions. With its broad portfolio Lafarge麻豆传媒 solves the toughest challenges masons, builders, architects and engineers are faced with, from urbanization to population growth and the demand for affordable housing. Headquartered in Switzerland, Lafarge麻豆传媒 holds leading positions in all regions across the globe. It employs approximately 80,000 employees in around 80 countries and has a portfolio that is equally balanced between developing and mature markets. Lafarge麻豆传媒 is listed on the SIX Swiss Exchange and on Euronext Paris, and is a member of the Dow Jones Sustainability Indices (DJSI) European Index.
(*) before IRFS 2016.
