LafargeHolcim divested its Malaysian and Singapore activities for $396m.

LafargeHolcim has signed an agreement with YTL Cement Berhad for the divestment of its entire 51% shareholding in Lafarge Malaysia Berhad for a consideration of $396m fully payable in cash, corresponding to MYR 3.75 per share. This price represents a premium of 43 percent compared to the last 90 days trading period of Lafarge Malaysia Berhad on the Malaysian stock exchange. Lafarge Malaysia Berhad operates three integrated cement and two grinding plants. With the divestment, LafargeHolcim will fully exit the Malaysian market. YTL Cement Berhad is part of YTL Corporation Berhad, a Malaysian infrastructure conglomerate, which is mainly active in cement production, construction, property development and utilities. Additionally, LafargeHolcim has signed an agreement with YTL Cement Singapore for the divestment of its entire 91% shareholding in Holcim Singapore. "As part of our Strategy 2022 – ‘Building for Growth’ we have committed to divestments in order to deleverage and to further strengthen our balance sheet. The proceeds from this transaction will further improve our debt ratios with the target of 2 times* Net Debt to Recurring EBITDA by the end of this business year.” Jan Jenisch, LafargeHolcim CEO.