Announced
Completed
Financials
Tags
Private
Single Bidder
Friendly
Indonesia
Acquisition
building materials
Building Materials: Other
Domestic
Majority
Completed
Synopsis
Semen Indonesia, an Indonesian cement company, completed the acquisition of Holcim Indonesia from LafargeHolcim, an innovative & sustainable building materials company, for $1.7bn. “As part of our Strategy 2022 – ‘Building for Growth’ we have committed to divestments of at least CHF 2 billion. Today’s announcement is an important milestone in reaching our target and to increase our financial strength. The proceeds from this transaction will significantly improve our debt ratios with the target of 2 times Net Debt to Recurring EBITDA to be achieved by the end of 2019,” Jan Jenisch, LafargeHolcim CEO.
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