Lafarge to sell more Chinese assets as CEO aims to boost margins

Lafarge to sell more Chinese assets as CEO aims to boost margins

REUTERS/Arnd Wiegmann

LafargeHolcim Ltd., the world’s largest cement maker, agreed to sell some plants to Huaxin Cement Co. for 208 million Swiss francs ($215 million), the company’s second asset sale in China this week as Chief Executive Officer Eric Olsen cuts debt and tries to boost profitability.

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