May 9, 2019 / 5:06 PM / 2 months ago

BRIEF-LafargeHolcim Divests Shareholding In Holcim Philippines For Enterprise Value Of $2.15 Billion

May 9 (Reuters) - LafargeHolcim Ltd:

* LAFARGEHOLCIM DIVESTS ACTIVITIES IN PHILIPPINES

* DIVESTMENT OF 85.7 PERCENT SHAREHOLDING IN HOLCIM PHILIPPINES FOR AN ENTERPRISE VALUE OF USD 2.15 BILLION

* AGREEMENT WITH SAN MIGUEL CORPORATION FOR DIVESTMENT OF ITS SHAREHOLDING IN HOLCIM PHILIPPINES

* PROCEEDS OF DIVESTMENT WILL ALLOW CO TO FURTHER IMPROVE ITS DEBT RATIO BY APPROXIMATELY 0.3 TIMES

* ON TRACK TO ACCELERATE EXECUTION OF OUR STRATEGY 2022 - 'BUILDING FOR GROWTH' Source text for Eikon: Further company coverage:

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