LafargeHolcim gets revised divestment order in India

Birla

08/02/2016 17:55

ZURICH, Feb 8 (Reuters) - LafargeHolcim  LHN.VX  has 
received a revised order from the Competition Commission of 
India (CCI) to divest its interest in Lafarge India, including 
three cement plants and two grinding stations with total annual 
capacity of 11 million tons, it said. 
    "The proposed transaction is an alternate remedy for the 
merger of the group's legacy companies and now forms part of the 
company's 3.5 billion Swiss franc ($3.54 billion) divestment 
target in 2016," the world's biggest construction materials 
group said. 
    It said last week it was reviewing its divestment plan in 
India after talks with Birla Corporation Limited (BCL)  BRLC.NS  
for the sale of the Jojobera and Sonadih cement plants in 
Eastern India fell through.  urn:newsml:reuters.com:*:nFWN15I016 
($1 = 0.9894 Swiss francs) 
 
 (Reporting by Michael Shields, editing by David Evans) 
 ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)) 
 
Keywords: LAFARGEHOLCIM INDIA/