Head of Holcim Romania: We’re selling our assets at a fair price, not a discount

Francois Petry, manager for Holcim Romania, says that assets put on the selling block for his company in light of the upcoming merger with Lafarge have already attracted interest.

“As I understand it there are several investors interested in buying the groups assets at an international level – from players on the building materials market to investment funds. There are strong signals that there are several interesting buyers so the sale will not be made on a discount, but at a fair price”, according to Petry in an interview with ZF.

On Thursday, LaFarge announced it sold its operations in Pakistan for EUR 244 million to BestWay Cement, a local company.

The two companies both made public a list of assets they are planning to sell on July 7. LaFarge owns in Romania 40 production sites, the biggest ones being its factories in Medgidia, Hoghiz and Targu-Jiu.

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