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Anglo American and Lafarge announce the completion of their 50:50 joint venture
Anglo American plc (“the Company”)
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name: Anglo
Share code: AGL
ISIN number: GB00B1XZS820
8 January 2013
Anglo American and Lafarge announce the completion of their 50:50 joint venture, creating the
UK’s leading construction materials company
Anglo American and Lafarge announce the completion of their 50:50 joint venture which will combine
their cement, aggregates, ready-mix concrete, asphalt and asphalt surfacing, maintenance services,
and waste services businesses in the United Kingdom. The joint venture will be known as Lafarge
Tarmac and begins trading today.
Completion of the Lafarge Tarmac joint venture follows final clearance from the UK Competition
Commission, predicated on the completed sale of a portfolio of Tarmac and Lafarge construction
materials operations in the UK, which occurred today. The agreed sale of Tarmac’s 50% ownership
interest in Midland Quarry Products is subject to a right of pre-emption in favour of Hanson Quarry
Products Europe Limited and, as a result, the completion of this transaction is pending.
The Lafarge Tarmac combination is expected to generate synergies of £60 million through improving
operational logistical and purchasing efficiencies and the introduction of value-added products across
a wider geographic area.
Cynthia Carroll, Chief Executive of Anglo American, said: “We have successfully united two high
quality and complementary UK businesses to create the leading UK construction materials company,
with high quality assets, two experienced management teams, and a portfolio of well-recognised,
innovative brands.”
Bruno Lafont, Chairman & Chief Executive of Lafarge, said: "The closing of this transaction and the
creation of a new British construction materials champion reinforces Lafarge's ongoing commitment to
the UK market and its efforts to continuously improve its offering to customers, as well as playing a
full role in developing the infrastructure needed for a growing economy."
As announced on 23 November 2012, the Lafarge Tarmac leadership team includes Jamie Pike as
Non-Executive Chairman, Cyrille Ragoucy as CEO and Guy Young as CFO.
Sponsor: UBS South Africa (Pty) Ltd
For further information please contact:
Anglo American
Media Investors
Emily Blyth Caroline Crampton
Tel: +44 (0)20 7968 8481 Tel: +44 (0)20 7968 2192
Sarah McNally
Tel: +44 (0)20 7968 8747
Lafarge
Media Investors
Eric de Riedmatten Stéphanie Billet
Tel: +33 (0)1 44 34 92 51 Tel: +33 (0) 1 44 34 93 71
Danièle Daouphars
Mélanie Coviaux
Tel: +33 (0) 1 44 34 11 51
Tel: +33(0) 1 44 34 18 18
Caroline Winkler Laurence Le Gouguec
Tel: + 33(0) 1 44 34 11 70 Tel: +33 (0) 1 44 34 94 59
Notes to editors:
Anglo American is one of the world’s largest mining companies, is headquartered in the UK and
listed on the London and Johannesburg stock exchanges. Anglo American’s portfolio of mining
businesses spans bulk commodities – iron ore and manganese, metallurgical coal and thermal coal;
base metals – copper and nickel; and precious metals and minerals – in which it is a global leader in
both platinum and diamonds. Anglo American is committed to the highest standards of safety and
responsibility across all its businesses and geographies and to making a sustainable difference in the
development of the communities around its operations. The company’s mining operations, extensive
pipeline of growth projects and exploration activities span southern Africa, South America, Australia,
North America, Asia and Europe. www.angloamerican.com
Located in 64 countries with 68,000 employees, Lafarge is a world leader in building materials, with
top-ranking positions in its Cement, Aggregates & Concrete businesses. In 2011, Lafarge posted
sales of 15.3 billion euros. Since 2010, the Lafarge Group has been part of the Dow Jones
Sustainability World Index, the first global sustainability benchmark, in recognition of its sustainable
development actions. With the world’s leading building materials research facility, Lafarge places
innovation at the heart of its priorities, working for sustainable construction and architectural creativity.
Additional information is available at www.lafarge.com
Lafarge Tarmac is a joint venture company formed following the merger of Lafarge’s UK operations
and Anglo American’s Tarmac business, to create the UK’s leading construction materials and
services company. The 50:50 joint venture, which is equally owned by Lafarge and Anglo American
plc, combines both company’s cement, aggregates, ready-mix concrete, asphalt and asphalt
surfacing, maintenance services, and waste services businesses. Lafarge Tarmac began trading on
7th January 2013, following final clearance from the UK Competition Commission.
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