Anglo American enters into binding agreement for the sale of its 50% interest in Lafarge Tarmac to Lafarge
25 July, 2014
Further to the announcement on 7 July 2014, Anglo American plc ("Anglo American") announces that it has reached a binding agreement to sell its 50% ownership interest in Lafarge Tarmac Holdings Limited ("Lafarge Tarmac" or the "JV") to Lafarge SA ("Lafarge") for a minimum value of £885 million (approximately $1.5 billion) in cash, on a debt and cash free basis and subject to other customary working capital adjustments.
Further to the announcement on 7 July 2014, Anglo American plc ("Anglo American") announces that it has reached a binding agreement to sell its 50% ownership interest in Lafarge Tarmac Holdings Limited ("Lafarge Tarmac" or the "JV") to Lafarge SA ("Lafarge") for a minimum value of £885 million (approximately $1.5 billion) in cash, on a debt and cash free basis and subject to other customary working capital adjustments.
The terms and conditions of the agreement are consistent with those announced on 7 July 2014.