Lafarge S.A.
Lafarge announces sale of its stake in Molins
Ad-hoc-announcement processed and transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Euronext: LG, NYSE: LR Paris, December 22nd, 2003
Lafarge announces sale of its stake in Molins
Lafarge announces that it has signed an agreement for the sale of its 40.9%
stake in Molins.
The transaction amounts to a total of around EUR270 million. The transaction
will take the form of a limited tender offer that Molins will launch for its
own shares, likely to take place in the first half of 2004 subject to approval
from the Spanish regulatory authorities. Lafarge expects this transaction to be
completed by Summer 2004.
As part of the negotiation, Lafarge asked to acquire Molins’ 2.64% stake in
Cimpor. This has been agreed for an amount of around 70MEUR, based on Cimpor’s
closing share price today.
Lafarge is the world leader in building materials and employs 77,000 people in
75 countries. The Group holds top-ranking positions in all four of its
Divisions: Cement, Aggregates & Concrete, Roofing and Gypsum. Lafarge posted
sales of EUR14.6 billion in 2002. For further information, please visit our web
site at: http://www.lafarge.com
PRESS CONTACTS: INVESTOR RELATIONS:
Véronique Doux: (+33) 1 44 34 19 47 James Palmer: (+33) 1 44 34 11 26
veronique.doux@lafarge.com james.palmer@lafarge.com
Brunswick
Stéphanie Tessier (+33) 1 53 96 83 79 Danièle Daouphars: (+33) 1 44 34 11 51
stessier@brunswickgroup.com daniele.daouphars@lafarge.com
end of ad-hoc-announcement (c)DGAP 22.12.2003
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
Statements made in this press release that are not historical facts are forward-
looking statements made pursuant to the safe harbor provisions of the Private
Securities Litigation Reform Act of 1995. These statements are not guarantees of
future performance and involve risks, uncertainties and assumptions (“Factors”),
which are difficult to predict. Some of the Factors that could cause actual
results to differ materially from those expressed in the forward-looking
statements include, but are not limited to: the cyclical nature of the Company’s
business; national and regional economic conditions in the countries in which
the Group does business; currency fluctuations; seasonal nature of the Company’s
operations; levels of construction spending in major markets; supply/demand
structure of the industry; competition from new or existing competitors;
unfavorable weather conditions during peak construction periods; changes in and
implementation of environmental and other governmental regulations; our ability
to successfully identify, complete and efficiently integrate acquisitions; our
ability to successfully penetrate new markets; and other Factors disclosed in
the Company’s public filings with the French Commission des Opérations de Bourse
and the US Securities and Exchange Commission including its Reference Document
COB number D03-0375 as updated on June 5, 2003 and November 17, 2003 and annual
report on Form 20-F. In general, the Company is subject to the risks and
uncertainties of the construction industry and of doing business throughout the
world. The forward-looking statements are made as of this date and the Company
undertakes no obligation to update them, whether as a result of new information,
future events or otherwise.
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WKN: 850646; ISIN: FR0000120537; Index:
Listed: Amtlicher Handel in Düsseldorf und Frankfurt (General Standard);
Freiverkehr in Berlin-Bremen, Hamburg, München und Stuttgart
221931 Dez 03
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