Cement sale

Lafarge has announced plans to sell its 50% share of Turkish cement manufacturer Yibitas Lafarge Orta Anadolu Cimento (YLOAC) to Cimpor for € 535 million. The sale, which is subject to approval from anti-competition authorities will earn Lafarge a pretax profit of € 260 million. YLOAC was set up in 1994 as a 50/50 joint venture between Lafarge and Yibitas Holding.