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17 July 2015 |
Anglo American receives total cash proceeds of $1.6 billion for sale of 50% interest in Lafarge Tarmac |
Anglo American plc ("Anglo American") announces that it has completed the sale of its 50% ownership interest in Lafarge Tarmac Holdings Limited ("Lafarge Tarmac") to Lafarge SA ("Lafarge"). Anglo American has received cash proceeds of approximately £992 million ($1,559 million), constituting the agreed minimum consideration of £885 million set out in the July 2014 binding agreement and approximately £107 million of working capital and other adjustments, subject to certain post-closing adjustments.
The completion of this transaction brings the aggregate proceeds received by Anglo American for the sale of its Tarmac assets to approximately $2.5 billion since 2008.
For further information, please contact:
Media |
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Investors |
UK James Wyatt-Tilby Tel: +44 (0)20 7968 8759 |
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UK Paul Galloway Tel: +44 (0)20 7968 8718 |
Emily Blyth Tel: +44 (0)20 7968 8481 |
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Edward Kite Tel: +44 (0)20 7968 2178 |
South Africa Pranill Ramchander Tel: +27 (0)11 638 2592 Shamiela Letsoalo Tel: +27 (0)11 638 3112 |
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Sarah McNally Tel: +44 (0)20 7968 8747 |
Notes to editors:
Anglo American is a global and diversified mining business that provides the raw materials essential for economic development and modern life. Our people are at the heart of our business. It is our people who use the latest technologies to find new resources, plan and build our mines and who mine, process and move and market our products - from bulk commodities and base metals to precious metals and diamonds (through De Beers) - to our customers around the world. Our diversified portfolio of products spans the economic development cycle and, as a responsible miner, we are the custodians of precious resources. We work together with our key partners and stakeholders to unlock the long-term value that those resources represent for our shareholders, but also for the communities and countries in which we operate - creating sustainable value and making a real difference. Our mining operations, growth projects and exploration and marketing activities extend across southern Africa, South America, Australia, North America, Asia and Europe.
www.angloamerican.com
