LafargeHolcim closes divestment of activities in Malaysia
Today LafargeHolcim 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
LafargeHolcim 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, LafargeHolcim offers a broad range of high-quality building materials and solutions. LafargeHolcim experts solve the challenges that customers face around the world, whether they are building individual homes or major infrastructure projects. Demand for LafargeHolcim 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.
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