LafargeHolcim also plans to sell its operations in Malaysia and Singapore.
It is also selling its entire 91 percent holding in Holcim Singapore Ltd, which had an enterprise value of $66.85 million, to YTL Cement Singapore PTE
ABB is expected to keep a shareholding in the business, which may be valued at more than $11 billion including debt, and which it would continue sell
IPOs & Markets
Gategroup said it would not pursue a flotation on the SIX Swiss exchange, citing "a gap in valuation under current market conditions".
HNA will raise money by selling a 65 percent stake.
Swiss Re was in talks about SoftBank taking a minority stake in a deal that could be worth $10 billion or more.
Such a deal would make SoftBank the largest investor in the reinsurance group.
Zurich previously picking up Macquaries' retail life insurance business for $300 million in 2016 and the Cover-More Group for $554 million in April
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