The saga of Lafarge Pakistan Cement Limited sale came to an end yesterday when Bestway Cement Limited (LPCL) sealed the deal for buyout of 75.86 per cent shares in the cement company held by the parent Safimo SAS, for purchase consideration of $218 million.
The sale price corresponded to an enterprise value (EV) of 100pc at $329m. The deal is subject to adjustments specified in the Share Purchase Agreement and regulatory approvals.
