LafargeHolcim announced it has signed a framework agreement with Tianjin Circle for the sale of a controlling stake, namely 56%, in Sichuan Shuangma Cement for a purchase price consideration of CNY8.08 per share, namely a CHF507m aggregate consideration.
02 Aug 2016
Divestment of a stake in a Chinese company at an attractive valuation
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Divestment of a stake in a Chinese company at an attractive valuation
LafargeHolcim announced it has signed a framework agreement with Tianjin Circle for the sale of a controlling stake, namely 56%, in Sichuan Shuangma Cement for a purchase price consideration of CNY8.08 per share, namely a CHF507m aggregate consideration.