Anglo American PLC — M&A Activity 2013

Nov 14, 2013

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RNS Number : 9687S

Anglo American PLC

14 November 2013

14 November 2013
Anglo American announces the sale of Tarmac Building Products to Lafarge Tarmac

Anglo American plc ("Anglo American") announces that it has reached an agreement to sell Tarmac Building Products Limited ("TBP") to Lafarge Tarmac Holdings Limited ("Lafarge Tarmac"), the 50:50 joint venture of Lafarge's and Anglo American's construction materials and services businesses in the United Kingdom. The terms of the transaction are confidential and the transaction is subject to regulatory approvals.  Both TBP and Lafarge Tarmac operations will continue to operate independently until such approvals are obtained.

TBP is a supplier of heavy building products, including construction blocks, bagged aggregates and cement products. The transaction is expected to close in the first half of 2014.

Notes to editors:

Anglo American is one of the world's largest mining companies, is headquartered in the UK and listed on the London and Johannesburg stock exchanges. Our portfolio of mining businesses meets our customers' changing needs and spans bulk commodities - iron ore and manganese, metallurgical coal and thermal coal; base metals and minerals - copper, nickel, niobium and phosphates; and precious metals and minerals - in which we are a global leader in both platinum and diamonds.  At Anglo American, we are committed to working together with our stakeholders - our investors, our partners and our employees - to create sustainable value that makes a real difference, while upholding the highest standards of safety and responsibility across all our businesses and geographies. The company's mining operations, pipeline of growth projects and exploration activities span southern Africa, South America, Australia, North America, Asia and Europe.

www.angloamerican.com

     

Lafarge Tarmac is a joint venture company formed following the merger of Lafarge's UK operations and Anglo American's Tarmac business, to create the UK's leading construction materials and services company.  The 50:50 joint venture, which is equally owned by Lafarge and Anglo American, combines both companies' cement, aggregates, ready-mix concrete, asphalt and asphalt surfacing, maintenance services, and waste services businesses.  Lafarge Tarmac began trading on 7 January 2013, following final clearance from the UK Competition Commission. 

For further information, please contact:

Media		Investors
UK James Wyatt-Tilby Tel: +44 (0)20 7968 8759		UK Paul Galloway Tel: +44 (0)20 7968 8718
Emily Blyth Tel: +44 (0)20 7968 8481		Caroline Crampton Tel: +44 (0)20 7968 2192
South Africa Pranill Ramchander Tel: +27 (0)11 638 2592		Sarah McNally Tel: +44 (0)20 7968 8747

This information is provided by RNS

The company news service from the London Stock Exchange

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