Anglo American to sell Lafarge JV stake for ~$1.5B

|About: Anglo American plc (AAUKF)|By:, SA News Editor

Anglo American (AAUKF, AAUKY) says it will sell its 50% stake in a U.K. construction materials joint venture to its partner Lafarge (LFRGY) for a minimum £885M (~$1.5B).

The sale is subject to the successful completion of the $50B merger between cement giants Lafarge and Holcim (HCMLY), which released a list of operations around the world that both plan to sell in order to win regulatory approval for their proposed combination.