Brief: Cementir Holding Completes Acquisition Of Additional 38.75% Stake In Lehigh White Cement Company

Cementir Holding NV

30/03/2018 08:22

March 30 (Reuters) - CEMENTIR HOLDING  CEMI.MI :
    * REPORTED ON THURSDAY COMPLETED THE ACQUISITION OF
ADDITIONAL
38.75% STAKE IN LEHIGH WHITE CEMENT COMPANY (LWCC) FROM LEHIGH
CEMENT COMPANY LLC, A SUBSIDIARY OF HEIDELBERGCEMENT 
    * THE DEAL HAS A TOTAL CONSIDERATION OF USD 106.6 MILLION,
ON A
CASH AND DEBT-FREE BASIS
    * AFTER THIS TRANSACTION, CEMENTIR WILL HOLD A STAKE OF
63.25% IN
LWCC, WHILE THE REMAINING 36.75% WILL BE OWNED BY CEMEX INC

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA5z437f
    
 Further company coverage:  CEMI.MI  
   


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