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Tue March 02 2021

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Lafarge brings in $329m from sale of Pakistan cement operations

24 Jul 14 Lafarge has sold its cement operations in Pakistan for US$329m (£194m) to BestWay Cement.

Lafarge Pakistan Cement Ltd, listed on the Karachi, Lahore and Islamabad stock exchanges, operates an integrated cement plant, located close to Islamabad in the North of the country.

The divestment will contribute to Lafarge's objective of achieving a net debt reduction.

The transaction is subject to authorisation from the relevant authorities and compliance with regulatory obligations.

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