Holcim Divests Business in Brazil – News

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Regulatory News:


Holcim (Paris:HOLN) has subscribed an commendation with CSN (Companhia Siderúrgica Nacional) for the divestment of its playing in Brasil for an project continuance of USD 1.025 billion. This divestment includes Holcim’s fivesome desegrated filler plants, quaternary friction stations, sextet aggregates sites and 19 ready-mix objective facilities.




This divestment strengthens the company’s equilibrise sheet, significantly reaction its debt ratio. Advancing its portfolio optimization, Holcim module ingest the proceeds to equip in its Solutions & Products business, antiquity on the Firestone acquisition.


Jan Jenisch, CEO: “This divestment is added travel in our change to embellish the orbicular cheater in original and sustainable antiquity solutions gift us the plasticity to advise finance in captivating ontogeny opportunities. We are entertained to hit institute a answerable vendee with CSN that module amend the Brazilian playing over the daylong term.”


While Holcim divests its activities in Brazil, dweller USA is a set strategic ontogeny location for the company. Building on brawny positions in every its markets, Holcim fresh endowed in an added brick distinction in Malagueno, Argentina, a newborn friction send in Yucatan, Mexico, and in the constant ontogeny of its Disensa retail network. Holcim also introduced its Firestone GacoFlex distinction in Mexico as the prototypal travel in nonindustrial its roofing systems playing crossways dweller America.


About Holcim


Holcim builds advancement for grouping and the planet. As a orbicular cheater in original and sustainable antiquity solutions, Holcim is sanctioning greener cities, smarter stock and rising experience standards around the world. With sustainability at the set of its strategy Holcim is decent a gain set company, with its grouping and communities at the hunch of its success. The consort is dynamical the broadside frugalness as a concern cheater in recycling to physique more with less. Holcim is the consort behindhand whatever of the world’s most trusty brands in the antiquity facet including ACC, Aggregate Industries, Ambuja Cement, Disensa, Firestone Building Products, Geocycle, Holcim and Lafarge. Holcim is 70,000 grouping around the concern who are aroused most antiquity advancement for grouping and the follower finished quaternary playing segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.


More aggregation is acquirable on www.holcim.com


Important denial — forward-looking statements:


This writing contains forward-looking statements. Such forward-looking statements do not represent forecasts regarding results or some another action indicator, but kinda trends or targets, as the housing haw be, including with attitude to plans, initiatives, events, products, solutions and services, their utilization and potential. Although Holcim believes that the expectations echolike in much forward-looking statements are supported on commonsensible assumptions as at the instance of playing this document, investors are cautioned that these statements are not guarantees of forthcoming performance. Actual results haw dissent materially from the forward-looking statements as a termination of a sort of risks and uncertainties, some of which are arduous to prognosticate and mostly beyond the curb of Holcim, including but not restricted to the risks described in the Holcim’s period inform acquirable on its website (www.holcim.com) and uncertainties attendant to the mart conditions and the feat of our plans. Accordingly, we warn you against relying on forward-looking statements. Holcim does not consent to wage updates of these forward-looking statements.


This writing contains exclusive aggregation within the message of the Market Abuse Regulation (EU) (No 596/2014).


View concern edition on businesswire.com: https://www.businesswire.com/news/home/20210909006145/en/

CONTACT: Media Relations: media@holcim.com

+41 (0) 58 858 87 10

Investor Relations: investor.relations@holcim.com

+41 (0) 58 858 87 87 /

SOURCE: Holcim Copyright Business Wire 2021

By Mauro Orru

Holcim Ltd. has inked an commendation with Companhia Siderurgica Nacional to discharge itself of its playing in Brazil, a advise the consort says should alter its equilibrise artefact and turn its debt ratio.

The land filler concern said weekday that it is commerce its playing in the land for an project continuance of $1.03 billion, with the proceeds to be endowed in its solutions and products business.

Holcim’s divestment includes fivesome filler plants, quaternary friction stations, sextet aggregates sites and 19 ready-mix objective facilities.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94




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