{"id":630836,"date":"2018-03-04T04:11:13","date_gmt":"2018-03-04T04:11:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/is-lafargeholcim-divesting-some-or-all-of-its-egyptian-assets\/"},"modified":"2018-03-04T04:11:13","modified_gmt":"2018-03-04T04:11:13","slug":"is-lafargeholcim-divesting-some-or-all-of-its-egyptian-assets","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/is-lafargeholcim-divesting-some-or-all-of-its-egyptian-assets\/","title":{"rendered":"Is LafargeHolcim divesting some or all of its Egyptian assets?"},"content":{"rendered":"

<\/a> Is LafargeHolcim divesting some (or all) of its Egyptian assets?<\/strong> Cement giant LafargeHolcim could see some of its assets in Egypt sold as part of a new cost-cutting and asset sale strategy announced by new CEO Jan Jenisch on Friday, Reuters reports<\/a>. The company is planning to shed CHF 3.8 bn (USD 4.1 bn) in assets and could also leave two or three countries. Two thirds of the impairments were concentrated in Algeria, Malaysia, Iraq, Brazil, Indonesia and Egypt, Jenisch said. A Bloomberg examination<\/a> of the respective capacities of the former Holcim and Lafarge prior to their merger in 2014 shows that the majority of the production capacity in those countries belonged to the latter. The move comes as the company looks to move past the scandal, which brought down its former CEO Eric Olsen, over the company\u2019s Syria factory. The plant, which was bought from Orascom Cement in 2007, is accused of having paid protection to militant factions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Is LafargeHolcim divesting some (or all) of its Egyptian assets? Cement giant LafargeHolcim could see some of its assets in Egypt sold as part of a new cost-cutting and asset sale strategy announced by new CEO Jan Jenisch on Friday, Reuters reports. The company is planning to shed CHF 3.8 bn (USD 4.1 bn) in […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630836","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5e86dc43-69ac-476e-8f0b-85829774ff1e","order":"0","is_powered_by":true,"section_story_id":"b250893e-7eca-4a44-a21c-e09876beff22","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630827],"teaser":"","voice_url":""},"yoast_head":"\nIs LafargeHolcim divesting some or all of its Egyptian assets? - 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\/2018\/03\/04\/is-lafargeholcim-divesting-some-or-all-of-its-egyptian-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is LafargeHolcim divesting some or all of its Egyptian assets?\" \/>\n<meta property=\"og:description\" content=\"Is LafargeHolcim divesting some (or all) of its Egyptian assets? Cement giant LafargeHolcim could see some of its assets in Egypt sold as part of a new cost-cutting and asset sale strategy announced by new CEO Jan Jenisch on Friday, Reuters reports. The company is planning to shed CHF 3.8 bn (USD 4.1 bn) in […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/is-lafargeholcim-divesting-some-or-all-of-its-egyptian-assets\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-03-04T04:11:13+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\/2018\/03\/04\/is-lafargeholcim-divesting-some-or-all-of-its-egyptian-assets\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/is-lafargeholcim-divesting-some-or-all-of-its-egyptian-assets\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Is LafargeHolcim divesting some or all of its Egyptian assets?\",\"datePublished\":\"2018-03-04T04:11:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/is-lafargeholcim-divesting-some-or-all-of-its-egyptian-assets\/\"},\"wordCount\":166,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/is-lafargeholcim-divesting-some-or-all-of-its-egyptian-assets\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/is-lafargeholcim-divesting-some-or-all-of-its-egyptian-assets\/\",\"name\":\"Is LafargeHolcim divesting some or all of its Egyptian assets? 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Cement giant LafargeHolcim could see some of its assets in Egypt sold as part of a new cost-cutting and asset sale strategy announced by new CEO Jan Jenisch on Friday, Reuters reports. The company is planning to shed CHF 3.8 bn (USD 4.1 bn) in […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/is-lafargeholcim-divesting-some-or-all-of-its-egyptian-assets\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-03-04T04:11:13+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/is-lafargeholcim-divesting-some-or-all-of-its-egyptian-assets\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/is-lafargeholcim-divesting-some-or-all-of-its-egyptian-assets\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Is LafargeHolcim divesting some or all of its Egyptian assets?","datePublished":"2018-03-04T04:11:13+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/is-lafargeholcim-divesting-some-or-all-of-its-egyptian-assets\/"},"wordCount":166,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["EnterpriseAM","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/is-lafargeholcim-divesting-some-or-all-of-its-egyptian-assets\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/04\/is-lafargeholcim-divesting-some-or-all-of-its-egyptian-assets\/","name":"Is LafargeHolcim divesting some or all of its Egyptian assets? 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Sawiris held 16.58 mn shares in the company, and\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":631003,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/03\/07\/arabian-cement-lafargeholcim-plan-to-up-cement-exports-amid-market-oversupply\/","url_meta":{"origin":630836,"position":2},"title":"Arabian Cement, LafargeHolcim plan to up cement exports amid market oversupply","author":"enterpriseam admin","date":"7 March 2018","format":false,"excerpt":"Arabian Cement, LafargeHolcim plan to up cement exports amid market oversupply: Arabian Cement is planning to increase its exports this year to 550k tonnes, from 400k tonnes in 2017, CEO Sergio Alcantarilla tells Al Borsa. 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Olsen, who resigned from the company in April, was also charged late Thursday with putting someone else\u2019s life in danger and placed under\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649618,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/05\/lafargeholcim-finds-evidence-of-its-syria-factory-paying-off-armed-groups-to-protect-its-facilities\/","url_meta":{"origin":630836,"position":4},"title":"LafargeHolcim finds evidence of its Syria factory paying off armed groups to protect its facilities","author":"enterpriseam admin","date":"5 March 2017","format":false,"excerpt":"An internal investigation carried out by French cement giant LafargeHolcim uncovered that a Lafarge cement plant in northeast Syria\u2019s Jalabiya indirectly paid off local armed groups to protect the facilities from being overtaken by Daesh, Al Mal reports. 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