LafargeÂ鶹´«Ã½ closes divestment of activities in Malaysia
Today LafargeÂ鶹´«Ã½ has completed the divestment of its activities in Malaysia with the disposal of its entire 51 percent shareholding in Lafarge Malaysia Berhad to YTL Cement Berhad for a total enterprise value of CHF 982* million. The transaction will reduce the Group’s net financial debt by close to CHF 600* million.
Together with the divestment of its activities in Indonesia, Singapore and the Philippines, this transaction will result in a significant deleverage of 0.6 times Net Debt to Recurring EBITDA ratio and allow the company to overachieve its target ratio of 2 times or less by the end of 2019**.
* Computed on the basis of Lafarge Malaysia Berhad net financial debt as of April 30, 2019. Net financial debt impact excludes IFRS 16
** Before application of IFRS 16, at constant foreign exchange and provided that all transactions are closed before end of 2019
About LafargeÂ鶹´«Ã½
LafargeÂ鶹´«Ã½ is the global leader in building materials and solutions. We are active in four business segments: Cement, Aggregates, Ready-Mix Concrete and Solutions & Products. With leading positions in all regions of the world and a balanced portfolio between developing and mature markets, LafargeÂ鶹´«Ã½ offers a broad range of high-quality building materials and solutions. LafargeÂ鶹´«Ã½ experts solve the challenges that customers face around the world, whether they are building individual homes or major infrastructure projects. Demand for LafargeÂ鶹´«Ã½ materials and solutions is driven by global population growth, urbanization, improved living standards and sustainable construction. Around 75,000 people work for the company in around 80 countries.
