LafargeHolcim completes sale of $1.75bn Indonesian unit

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Zurich – LafargeHolcim has completed the sale of its Indonesia business in a deal which valued the unit at 1.75 billion dollars, the cement maker said on Friday.

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LafargeHolcim’s debts, the company said. LafargeHolcim held 80.6 per cent in the business, giving it 1.41 billion dollars from the sale.

LafargeHolcim said last year it wanted to raise around 2 billion Swiss francs (2.01 billion dollars) from selling assets and could leave two or three countries to concentrate on the United States, Latin America, India and Africa.

(Reuters/Naija247news)

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