Anglo American completes sale of Lafarge Tarmac for £992m
Anglo American has completed the sale of its 50% ownership interest in Lafarge Tarmac Holdings to Lafarge for £992m.
Anglo American
2,430.00p
17:15 04/10/24
0.29%
7.00p
FTSE 100
8,280.63
16:49 04/10/24
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FTSE 350
4,570.17
17:14 04/10/24
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FTSE All-Share
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16:54 04/10/24
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Mining
11,521.23
17:14 04/10/24
0.42%
48.51
Lafarge already owns the other half of the company and Anglo had agreed to sell the stake in 2014 for a minimum consideration of £885m.
The miner also received around £107m of working capital and other adjustments.
Anglo American said the completion of this transaction brings the aggregate proceeds received by the company for the sale of its Tarmac assets to approximately $2.5bn since 2008.