on LAFARGEHOLCIM LTD (EPA:LHN)
Holcim Completes Divestment of Kenyan Business
Holcim has successfully divested its business operations in Kenya, selling its 58.6% stake in Bamburi Cement Limited to Amsons Group. The transaction has resulted in cash proceeds exceeding USD 100 million for Holcim. This move is part of Holcim’s strategic plan to strengthen its core market leadership in innovative and sustainable building solutions globally.
The sale to Amsons Group is seen as a step forward for the effective long-term development of the business in Kenya. Holcim aims to focus on its strengths in other regions, leveraging its comprehensive range of sustainable materials and advanced building systems to enhance living standards worldwide.
R. P.
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