Advertisement
UK markets close in 3 hours 25 minutes

  • FTSE 100

    8,096.28
    +55.90 (+0.70%)
     

  • FTSE 250

    19,722.27
    +2.90 (+0.01%)
     

  • AIM

    755.36
    +0.67 (+0.09%)
     

  • GBP/EUR

    1.1673
    +0.0028 (+0.24%)
     

  • GBP/USD

    1.2513
    +0.0051 (+0.41%)
     

  • Bitcoin GBP

    50,932.16
    -2,263.59 (-4.26%)
     

  • CMC Crypto 200

    1,360.26
    -22.31 (-1.61%)
     

  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • CRUDE OIL

    82.98
    +0.17 (+0.21%)
     

  • GOLD FUTURES

    2,341.00
    +2.60 (+0.11%)
     

  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

  • HANG SENG

    17,284.54
    +83.27 (+0.48%)
     

  • DAX

    17,980.86
    -107.84 (-0.60%)
     

  • CAC 40

    8,020.99
    -70.87 (-0.88%)
     
Stocks:

Trending tickers

Microsoft, Alphabet, Anglo American, IBM, Astrazeneca, Unilever and Sainsbury's

LafargeHolcim says buys Lafarge Tarmac stake ahead of disposal

Reuters - UK Focus

ZURICH, July 17 (Reuters) - LafargeHolcim said on Friday it had bought out a 50 percent stake in Lafarge Tarmac held by Anglo American (LSE: AAL.L - news) so it can sell the U.K. building materials company to CRH (NYSE: CRH - news) to meet regulatory requirements.

The world's largest cement maker, formed from the merger of Lafarge (Paris: FR0000120537 - news) and Holcim (Other OTC: HCMLF - news) this year, said it paid 992 million pounds ($1.55 billion) to buy the half of Lafarge Tarmac it does not already own.

"This step is required to allow for the full divestment of Lafarge Tarmac, with the exception of the Cauldon and Cookstown plants and certain non-operational properties to CRH as part of the divestment of several assets in Europe, Canada, Brazil and the Philippines," the company said in a statement. ($1 = 0.6392 pounds) (Reporting by Oliver Hirt; writing by Katharina Bart; editing by David Clarke)