June 19, 2019 / 3:42 PM / a month ago

BRIEF-Lafarge Africa To Divest Entire Holding In Lafarge South Africa For $317 Mln

June 19 (Reuters) - LafargeHolcim Ltd:

* LAFARGE AFRICA PLC - ON MAY 31, SIGNED AGREEMENT WITH CARICEMENT FOR DIVESTMENT OF ENTIRE HOLDING IN LAFARGE SOUTH AFRICA FOR $317M

* LAFARGE AFRICA - PROCEEDS WILL BE USED TO COMPLETELY EXTINGUISH SHAREHOLDER LOAN OF $293 MILLION AS AT JULY 31, 2019, AND RELATED INTEREST DUE

* LAFARGE AFRICA - DIVESTMENT EXPECTED TO ELIMINATE FULLY ALL FOREIGN CURRENCY DENOMINATED DEBT AND CUT ANNUAL INTEREST EXPENSE BY C.N9.9 BILLION Further company coverage:

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