LAFARGEHOLCIM: Divestment of Indonesian assets | NEUTRAL | CHF47
LAFARGEHOLCIM - NEUTRAL | CHF47(0%)Divestment of Indonesian assets
Divestment of Holcim Indonesia for USD1.75bn (EV-based,100%)
19% premium to the last closing price or USD118/to of capacity
In line with the objective of CHF2bn divestment
But is the timing right?
LafargeHolcim is a producer of cement and aggregates. Co. also supplies ready-mix concrete, concrete products, asphalt and a range of services. Co. operates through three segments: cement, aggregates, and other construction materials and services. Co.'s cement segment provides a range of cementitious materials and also develops customized blends for special applications. Through its aggregates segment, Co. produces aggregates which include crushed stone, gravel and sand mainly used in the manufacture of ready-mix concrete, concrete products and asphalt, as well as for road building and railway tracks, with production centered on quarrying, preparing and sorting the raw material.
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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