YTL Cement acquires 51% stake in Lafarge Malaysia for RM1.63B

YTL Cement Berhad acquired a 51% stake in Lafarge Malaysia Berhad for RM1,625.04 million and extended a mandatory general offer for the remaining shares at RM3.75 per share.

“YTL Cement Berhad today entered into an unconditional share sale agreement with Associated International Cement Limited to acquire 433.34 million ordinary shares comprising an equity interest of approximately 51% in Lafarge Malaysia Berhad (LMB) for a total cash consideration of RM1,625.04 million, ”ytlcommunity.com

• 2 sources
• ytlcommunity.comYTL CommunityMay 2, 2019
• ytlcommunity.comYTL CommunityMay 2, 2019

Summarized from public sources; check the original articles before acting on it.