Brief: Cementir Holding Acquires Additional 38.75% Stake In Lehigh White Cement Company

Cementir Holding NV

14/02/2018 16:33

Feb 14 (Reuters) - Cementir Holding Spa  CEMI.MI : 
    * FY PRELIM. REVENUE EUR 1.14 BILLION VERSUS EUR 1.03 
BILLION YEAR 
AGO 
    * TO EXPAND ITS PRESENCE IN US BY ACQUIRING ADDITIONAL 
38.75% 
STAKE OF LEHIGH WHITE CEMENT COMPANY (LWCC) 
    * TO REACH A MAJORITY OF 63% STAKE IN LEHIGH WHITE CEMENT 
COMPANY 
    * ADDITIONAL STAKE IN LWCC TO BE ACQUIRED THROUGH AMERICAN 
SUBSIDIARY AALBORG CEMENT COMPANY FOR A CASH CONSIDERATION OF 
USD 106.6 MILLION 
 
Source text for Eikon:  ID:nBIA8byZK4  
     
Further company coverage:  CEMI.MI  
 
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