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Tue June 15 2021

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Lafarge sells Honduras cement business

5 Sep 13 Lafarge has announced the sale of its cement operations in Honduras to Cementos Argos.

Cementos Argos is buying the business for a total of €435m (£368m), with Lafarge taking a €232m share of the deal as it owns 53.3% of the Honduaran subsidiary.

The sale covers an integrated cement plant with a capacity of 1 million tons and a grinding station of 0.3 million tons capacity.

The transaction is subject to relevant regulatory approvals.

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