{"id":600677,"date":"2019-02-06T03:47:37","date_gmt":"2019-02-06T03:47:37","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/06\/lafargeholcim-considers-strategic-options-for-mideast-operations-including-in-egypt\/"},"modified":"2019-02-06T03:47:37","modified_gmt":"2019-02-06T03:47:37","slug":"lafargeholcim-considers-strategic-options-for-mideast-operations-including-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/06\/lafargeholcim-considers-strategic-options-for-mideast-operations-including-in-egypt\/","title":{"rendered":"LafargeHolcim considers \u201cstrategic options\u201d for Mideast operations, including in Egypt"},"content":{"rendered":"

<\/a> M&A WATCH- LafargeHolcim considers \u201cstrategic options\u201d for its Middle East operations, including in Egypt:<\/b> Some 2,500 Egyptian workers and professionals employed by Swiss cement giant LafargeHolcim could be getting a new corporate parent as the company considers a sale of all or some of its assets in the Middle East, sources close to the matter tell Bloomberg<\/a>. The potential plan is part of the company\u2019s effort to refocus its operations toward Europe and reduce its debt and sell off assets \u201cthat don\u2019t contribute to its core business.\u201d Lafarge has a deep track record of projects in Egypt, including Cairo Festival City, Cairo International Airport\u2019s Terminal 2, and real estate compound Mountain View Hyde Park.<\/p>\n

Background:<\/b> Reports had emerged last year<\/a> that Lafarge was looking to divest some or all of its Egyptian assets as part of a new cost-cutting and asset sale strategy that would see the company shed USD 4.1 bn in assets and leave two or three countries. Lafarge acquired in 2008 Orascom Construction\u2019s USD 10.1 bn cement business, which included plants in Egypt, Algeria, and the UAE. Nassef Sawiris, the company\u2019s third-largest shareholder, sold off last month USD 67.5 mn-worth of shares in LafargeHolcim, but remains a major shareholder<\/a> in the company.<\/p>\n","protected":false},"excerpt":{"rendered":"

M&A WATCH- LafargeHolcim considers \u201cstrategic options\u201d for its Middle East operations, including in Egypt: Some 2,500 Egyptian workers and professionals employed by Swiss cement giant LafargeHolcim could be getting a new corporate parent as the company considers a sale of all or some of its assets in the Middle East, sources close to the matter […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[1002,72,7111,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-600677","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-cement","tag-enterpriseam","tag-infrastructure","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"b167b296-b765-4002-8811-6a8c75ef7ae1","is_powered_by":true,"section_story_id":"3c65e187-5219-4325-939d-59c7f86363e4","story_type":"1","photo_url":"","photo_position":"above","related_issue":[600663],"teaser":"","voice_url":""},"yoast_head":"\nLafargeHolcim considers \u201cstrategic options\u201d for Mideast operations, including in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/06\/lafargeholcim-considers-strategic-options-for-mideast-operations-including-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LafargeHolcim considers \u201cstrategic options\u201d for Mideast operations, including in Egypt\" \/>\n<meta property=\"og:description\" content=\"M&A WATCH- LafargeHolcim considers \u201cstrategic options\u201d for its Middle East operations, including in Egypt: Some 2,500 Egyptian workers and professionals employed by Swiss cement giant LafargeHolcim could be getting a new corporate parent as the company considers a sale of all or some of its assets in the Middle East, sources close to the matter […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/06\/lafargeholcim-considers-strategic-options-for-mideast-operations-including-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-06T03:47:37+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/06\/lafargeholcim-considers-strategic-options-for-mideast-operations-including-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/06\/lafargeholcim-considers-strategic-options-for-mideast-operations-including-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"LafargeHolcim considers \u201cstrategic options\u201d for Mideast operations, including in Egypt\",\"datePublished\":\"2019-02-06T03:47:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/06\/lafargeholcim-considers-strategic-options-for-mideast-operations-including-in-egypt\/\"},\"wordCount\":215,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"cement\",\"EnterpriseAM\",\"infrastructure\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/06\/lafargeholcim-considers-strategic-options-for-mideast-operations-including-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/06\/lafargeholcim-considers-strategic-options-for-mideast-operations-including-in-egypt\/\",\"name\":\"LafargeHolcim considers \u201cstrategic options\u201d for Mideast operations, including in Egypt - 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