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Lafarge to buy out a 45% interest in Lafarge Shui On Cement

French cement maker Lafarge has signed an agreement to acquire the 45% stake held by SOCAM Development Limited in Lafarge Shui On Cement, for a consideration of HK$2, 553 million (eq. to c. €294 million) subject to the completion of its merger project with Swiss firm Holcim.

With a total cement production capacity of 32 million tonnes in South West China - in the provinces of Yunnan, Sichuan, Guizhou and Chongqing -, Lafarge Shui On Cement would thus become a wholly-owned subsidiary of LafargeHolcim following completion of the merger project and this purchase. This transaction is also subject to the approval of the shareholders of SOCAM.



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