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

Newsroom 25/07/2014 | 16:43

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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