KUALA LUMPUR: Lafarge SA, the single largest shareholder of LAFARGE MALAYAN CEMENT BHD [] (LMC) is looking to dispose of up to 11.2% in the latter.
Lafarge SA, which presently holds 62.2% of LMC, said on Friday, July 2 it had decided to explore the potential sale of a minority interest of up to 11.2%.
Lafarge SA presently holds 62.2% shareholding in LMC via its subsidiaries, Lafarge Cement UK PLC and Associated International Cement Ltd.
"Lafarge SA would remain the majority shareholder, with a minimum 51% shareholding and management control of the company.
This transaction would contribute to Lafarge SA's divestment programme for year 2010," it said.
Lafarge SA, which presently holds 62.2% of LMC, said on Friday, July 2 it had decided to explore the potential sale of a minority interest of up to 11.2%.
Lafarge SA presently holds 62.2% shareholding in LMC via its subsidiaries, Lafarge Cement UK PLC and Associated International Cement Ltd.
"Lafarge SA would remain the majority shareholder, with a minimum 51% shareholding and management control of the company.
This transaction would contribute to Lafarge SA's divestment programme for year 2010," it said.
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