“As I understand it there are several investors interested in buying the groups assets at an international level – from players on the building materials market to investment funds. There are strong signals that there are several interesting buyers so the sale will not be made on a discount, but at a fair price”, according to Petry in an interview with ZF.
On Thursday, LaFarge announced it sold its operations in Pakistan for EUR 244 million to BestWay Cement, a local company.
The two companies both made public a list of assets they are planning to sell on July 7. LaFarge owns in Romania 40 production sites, the biggest ones being its factories in Medgidia, Hoghiz and Targu-Jiu. (source: business-review.eu)