To view the PDF file, sign up for a MySharenet subscription.

ANGLO AMERICAN PLC - Anglo American enters into binding agreement for the sale of its 50% interest in Lafarge Tarmac to Lafarge

Release Date: 25/07/2014 08:01
Code(s): AGL     PDF:  
Wrap Text
Anglo American enters into binding agreement for the sale of its 50% interest in Lafarge Tarmac to Lafarge

Anglo American plc
Incorporated in the United Kingdom
(Registration number: 3564138)
Short name JSE: Anglo
Share code JSE: AGL
Short name NSX: Anglo-AMRC NM
Share code: NSX: ANM
ISIN number: GB00B1XZS820
(the "Company")


25 July 2014


Anglo American enters into binding agreement for the sale of its 50% interest in Lafarge
Tarmac to Lafarge

Further to the announcement on 7 July 2014, Anglo American plc ("Anglo American")
announces that it has reached a binding agreement to sell its 50% ownership interest in
Lafarge Tarmac Holdings Limited ("Lafarge Tarmac" or the "JV") to Lafarge SA ("Lafarge") for a
minimum value of £885 million (approximately $1.5 billion) in cash, on a debt and cash free
basis and subject to other customary working capital adjustments.

The terms and conditions of the agreement are consistent with those announced on 7 July
2014.

For further information, please contact:

Media                                                     Investors
UK                                                        UK
James Wyatt-Tilby                                         Paul Galloway
Tel: +44 (0)20 7968 8759                                  Tel: +44 (0)20 7968 8718

Emily Blyth                                               Caroline Crampton
Tel: +44 (0)20 7968 8481                                  Tel: +44 (0)20 7968 2192

South Africa                                              Sarah McNally
Pranill Ramchander                                        Tel: +44 (0)20 7968 8747
Tel: +27 (0)11 638 2592

Notes to editors:

Lafarge Tarmac was formed in January 2013 following the merger of Anglo American and
Lafarge's cement, aggregates, ready-mixed concrete, asphalt and asphalt surfacing and
maintenance services, and waste services businesses in the United Kingdom. As at 30 June
2014, Anglo American’s 50% reported interest in Lafarge Tarmac’s gross assets (before
deduction of gross liabilities) was £1,382 million, including goodwill, on an unaudited basis. For
the period ending 31 December 2013, prior to any Anglo American Group adjustments, the loss
before tax attributable to 50% of Lafarge Tarmac was £33 million.

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. Our portfolio of mining
businesses meets our customers’ changing needs and spans bulk commodities – iron ore and
manganese, metallurgical coal and thermal coal; base metals and minerals – copper, nickel,
niobium and phosphates; and precious metals and minerals – in which we are a global leader
in both platinum and diamonds. At Anglo American, we are committed to working together with
our stakeholders – our investors, our partners and our employees – to create sustainable value
that makes a real difference, while upholding the highest standards of safety and responsibility
across all our businesses and geographies. The company’s mining operations, pipeline of
growth projects and exploration activities span southern Africa, South America, Australia, North
America, Asia and Europe.
www.angloamerican.com


Sponsor: UBS South Africa (Pty) Ltd

Date: 25/07/2014 08:01:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story