Semen Indonesia buys Holcim Indonesia for $1.75 billion
Staff Writer |
LafargeHolcim has closed the divestment of Holcim Indonesia with the disposal of its entire shareholding of 80.6 percent in Holcim Indonesia to Semen Indonesia for an enterprise value of USD 1.75 billion, on a 100 percent basis.
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The proceeds from this transaction significantly improve the net debt to recurring EBITDA ratio by 0.2 with the target of 2 times or less to be achieved by the end of 2019. ■