LafargeHolcim sells up in North Korea

LafargeHolcim sells up in North Korea
19/08/2017 , by , in ALLIED

LafargeHolcim has sold its 36% stake in Sangwon Cement Company. The company had held the stake in the plant since 2008, having entered the North Korean market via its Euro 8.8bn acquisition of Egypt’s Orascom. Orascom acquired the stake a year earlier. LafargeHolcim did not have managerial control or significant influence over Sangwon Cement

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