Lafarge Wise To Continue Divestments

France's Lafarge, the world's largest cement maker, announced on November 4 that it is selling its operations in Italy to Sacci. The Rome-based family owned company will pay EUR290mn (US$373.5mn) for Lafarge's two cement plants, 13 ready-mix concrete plants, three aggregates quarries and four cement terminals. Reported sales from these activities in 2007 were EUR116mn, with EBITDA of EUR18mn. Sacci has operations across Italy including four cement plants, 31 ready-mix concrete plants, as well as interests in transportation and environmental services.

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