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Anglo and Lafarge plan $2.9B U.K. partnership


February 22, 2011
By Bloomberg

Feb. 22, 2011 – Anglo American Plc and Lafarge SA,
plan to combine U.K. building-material operations, creating a
business with 1.8 billion pounds ($2.9 billion) in sales aimed
at withstanding a decline in Britain’s construction industry.

Feb. 22, 2011 – Anglo American Plc and Lafarge SA,
plan to combine U.K. building-material operations, creating a
business with 1.8 billion pounds ($2.9 billion) in sales aimed
at withstanding a decline in Britain’s construction industry.

The creation of the equally owned venture, which will
absorb Anglo’s Tarmac unit in the U.K., will generate annual
cost savings of at least 60 million pounds, the companies said
today in a joint statement. | READ MORE

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