LafargeHolcim has sold a participation in a cement plant in North Korea




The group LafargeHolcim has confirmed, on 16 August 2017, having sold its stake in a cement plant in North Korea.
While North Korea continues to maintain tense relations with the United States, threatening to make us new missile tests, LafargeHolcim has confirmed, this Wednesday, 16 August 2017 to the AFP, the sale of its minority stake in a cement plant in North Korea.

 

LafargeHolcim held a minority interest in the company’s Sangwon Cement Company, which operates a cement plant near Pyongyang, “said to AFP a spokesman of the group. This participation, of approximately 36%, “was sold in 2017, “it stated. The amount of the transaction, however, has not been disclosed. This participation in a company in north korea dates back to the acquisition in 2008 of the egyptian group Orascom by Lafarge, prior to the merger in 2015 with Holcim. Orascom, in addition to its presence particularly in the Middle East and North Africa, held the hand in Sangwon Cement. LafargeHolcim had “no management role” in the company and had no employees on site, said the group of construction materials.




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