• Caught in the debt trap?

    Help us help you by taking our second annual Debt survey and you could win R3 000.

  • Rich man, poor man

    Culture change from below is the only way to overcome poverty, says Leopold Scholtz.

  • Tech bubble talk

    After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.

Data provided by McGregor BFA
All data is delayed
See More

Anglo, Lafarge complete joint venture

Jan 08 2013 07:59 I-Net Bridge

Company Data


Last traded 277.90
Change 4.49
% Change 0.02
Cumulative volume 2469256
Market cap 390.58bn

Last Updated: 24/04/2014 at 04:29. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Lafarge and Anglo sell assets to Mittal

Anglo JV stunts competition - UK watchdog

Lafarge fined in cement cartel case

Anglo to hire rival's CEO for top job

Anglo, Rio Tinto sell stakes in Palabora

Anglo American sells 70% stake in Amapa


Johannesburg - Anglo American [JSE:AGL] and Lafarge have announced the completion of their 50:50 joint venture which creates a major construction materials company in the UK. 

The venture combines their cement‚ aggregates‚ ready-mix concrete‚ asphalt and asphalt surfacing‚ maintenance services‚ and waste services businesses in the UK. 

The joint venture will be known as Lafarge Tarmac and begins trading today. 

Completion of the Lafarge Tarmac joint venture follows final clearance from the UK Competition Commission‚ predicated on the completed sale of a portfolio of Tarmac and Lafarge construction materials operations in the UK‚ which occurred today. 

The agreed sale of Tarmac’s 50% ownership interest in Midland Quarry Products is subject to a right of pre-emption in favour of Hanson Quarry Products Europe Limited and‚ as a result‚ the completion of this transaction is pending. 

The Lafarge Tarmac combination is expected to generate synergies of £60m through improving operational logistical and purchasing efficiencies and the introduction of value-added products across a wider geographic area. 

Cynthia Carroll‚ chief executive of Anglo American‚ said: "We have successfully united two high quality and complementary UK businesses to create the leading UK construction materials company‚ with high quality assets‚ two experienced management teams‚ and a portfolio of well-recognised‚ innovative brands."

Bruno Lafont‚ chairperson & chief executive of Lafarge‚ said: "The closing of this transaction and the creation of a new British construction materials champion reinforces Lafarge's ongoing commitment to the UK market and its efforts to continuously improve its offering to customers‚ as well as playing a full role in developing the infrastructure needed for a growing economy." 

As announced on 23 November 2012‚ the Lafarge Tarmac leadership team includes Jamie Pike as non-executive chairperson‚ Cyrille Ragoucy as CEO and Guy Young as CFO.


Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

anglo american


Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.

Police allowed to become brutal - DA lawyer

A DA election advert depicts how the government has allowed the police to become brutal, Icasa's complaints and compliance committee has heard.


Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...