Final compensation installment for nationalization of Holcim Venezuela delayed

Holcim today announces that it has not yet received the last compensation installment in connection with the nationalization of Holcim Venezuela in 2008. The Corporación Socialista Del Cemento, S.A. that is operating the former Holcim plant has not transferred the remaining compensation amount of USD 97.5 million which was due on September 10, 2014. Holcim is in contact with the relevant parties in Venezuela to address this situation and, if necessary, will pursue all legal steps to collect the amounts due.

 

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Holcim is one of the world's leading suppliers of cement and aggregates (crushed stone, gravel, and sand), as well as further activities such as ready-mix concrete and asphalt including services. The Group has majority and minority holdings in around 70 countries across all continents.
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