REG - Anglo American PLC - Anglo American notification re. Lafarge Tarmac <Origin Href="QuoteRef">AAL.L</Origin>

Anglo AmericanAnnouncement

06/09/2014 20:35

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RNS Number : 2941N
Anglo American PLC
25 July 2014 
 
                                                                                                               
 25 July 2014                                                                                                
 Anglo American enters into binding agreement for the sale of its 50% interest in Lafarge Tarmac to Lafarge  
 
 
Anglo American enters into binding agreement for the sale of its 50% interest
in Lafarge Tarmac to Lafarge 
 
Further to the announcement on 7 July 2014, Anglo American plc ("Anglo
American") announces that it has reached a binding agreement to sell its 50%
ownership interest in Lafarge Tarmac Holdings Limited ("Lafarge Tarmac" or the
"JV") to Lafarge SA ("Lafarge") for a minimum value of £885 million
(approximately $1.5 billion) in cash, on a debt and cash free basis and
subject to other customary working capital adjustments. 
 
The terms and conditions of the agreement are consistent with those announced
on 7 July 2014. 
 
For further information, please contact: 
 
 Media                                                    Investors                                  
 UKJames Wyatt-TilbyTel: +44 (0)20 7968 8759              UKPaul GallowayTel: +44 (0)20 7968 8718    
 Emily BlythTel: +44 (0)20 7968 8481                      Caroline CramptonTel: +44 (0)20 7968 2192  
 South AfricaPranill RamchanderTel: +27 (0)11 638 2592    Sarah McNallyTel: +44 (0)20 7968 8747      
 
 
Notes to editors: 
 
Lafarge Tarmac was formed in January 2013 following the merger of Anglo
American and Lafarge's cement, aggregates, ready-mixed concrete, asphalt and
asphalt surfacing and maintenance services, and waste services businesses in
the United Kingdom.  As at 30 June 2014, Anglo American's 50% reported
interest in Lafarge Tarmac's gross assets (before deduction of gross
liabilities) was £1,382 million, including goodwill, on an unaudited basis.
For the period ending 31 December 2013, prior to any Anglo American Group
adjustments, the loss before tax attributable to 50% of Lafarge Tarmac was £33
million. 
 
Anglo American is one of the world's largest mining companies, is
headquartered in the UK and listed on the London and Johannesburg stock
exchanges. Our portfolio of mining businesses meets our customers' changing
needs and spans bulk commodities - iron ore and manganese, metallurgical coal
and thermal coal; base metals and minerals - copper, nickel, niobium and
phosphates; and precious metals and minerals - in which we are a global leader
in both platinum and diamonds.  At Anglo American, we are committed to working
together with our stakeholders - our investors, our partners and our employees
- to create sustainable value that makes a real difference, while upholding
the highest standards of safety and responsibility across all our businesses
and geographies. The company's mining operations, pipeline of growth projects
and exploration activities span southern Africa, South America, Australia,
North America, Asia and Europe. 
 
www.angloamerican.com 
 
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