LafargeHolcim Group Disposes of Shares in LaFarge Malaysia
02 May 2019
Associated International Cement Limited, an indirect subsidiary of LafargeHolcim Ltd, had on 2 May 2019 entered into an agreement with YTL Cement Berhad, a subsidiary of YTL Corporation Berhad, to dispose of its entire 51 percent shareholding, comprising 433,344,693 ordinary shares, in Lafarge Malaysia Berhad for a cash consideration of RM1,625,042,598.75 (USD 396 million) or RM3.75 per share.
LafargeHolcim Ltd was advised on the transaction by our Firm. The Skrine team was led by partner, To’ Puan Janet Looi and supported by senior associate Boo Hsiu Ting and associate Aaron Yong Tze Ken.