Sale of Tarmac Iberia
13 June, 2008
Anglo American plc announces that it has agreed to sell Tarmac Iberia S.A.U. to Holcim Spain, a subsidiary of Holcim Ltd., for a total consideration of up to €148 million ($230 million).
Tarmac Iberia is a significant supplier of ready-mix concrete and aggregates with primary markets in the Greater Madrid, Mediterranean coast and Catalonia areas and reported 2007 net sales of €183 million ($284 million).
Completion of the transaction is expected to take place by September 2008, subject to regulatory approval.