LafargeHolcim Sells NI Cement Business To Cookstown For CHF 70 Mln

Swiss building material maker LafargeHolcim (HCMLY.PK) said on Tuesday that it sold its cement business in Northern Ireland, or NI, to Cookstown Cement Ltd for 70 million Swiss franc, covering a production capacity of 0.45 million tons.

Miljan Gutovic, Holcim Region Head EMEA, commented: "This divestment advances our 'Strategy 2025 - Accelerating Green Growth' with a focus on consolidating our leadership in core markets to become the global leader in innovative and sustainable building solutions. With Cookstown Cement Ltd, we are pleased to have found a strategic and trusted owner for the business, better positioned to continue investing in its long term growth."

Cookstown is a newly founded local construction company, formed by a longstanding business partner of Holcim.

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