LafargeHolcim to sell India assets for 750 mln Sfr

Birla

17/08/2015 06:01

PARIS, Aug 17 (Reuters) - Cement maker LafargeHolcim 
 LHN.VX  said it would sell two plants in eastern India to Birla 
Corporation  BRLC.NS  for about 750 million Swiss francs ($767.7 
million) as a condition of its recent merger with its French 
peer.  
    Indian regulators still need to approve the divestment.  
    LafargeHolcim said the proceeds of the sale would be used to 
reduce debt. 
    ($1 = 0.9769 Swiss francs) 
 
 (Reporting by Leila Abboud; Editing by Maria Sheahan) 
 ((leila.abboud@thomsonreuters.com; +33 1 49 49 51 82; Reuters 
Messaging: leila.abboud.thomsonreuters.com@reuters.net; Twitter: 
@labboudles)) 
 
Keywords: LAFARGEHOLCIM INDIA/M&A