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    HOLN   CH0012214059

HOLCIM LTD

(HOLN)
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Holcim divests business in Brazil

09/10/2021 | 12:31am EDT

EQS Group-Ad-hoc: Holcim Group Services Ltd / Key word(s): Miscellaneous Holcim divests business in Brazil 10-Sep-2021 / 06:30 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement.

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Holcim has signed an agreement with CSN (Companhia Siderúrgica Nacional) for the divestment of its business in Brazil for an enterprise value of USD 1.025 billion. This divestment includes Holcim's five integrated cement plants, four grinding stations, six aggregates sites and 19 ready-mix concrete facilities.

This divestment strengthens the company's balance sheet, significantly reducing its debt ratio. Advancing its portfolio optimization, Holcim will use the proceeds to invest in its Solutions & Products business, building on the Firestone acquisition.

Jan Jenisch, CEO: 'This divestment is another step in our transformation to become the global leader in innovative and sustainable building solutions giving us the flexibility to continue investing in attractive growth opportunities. We are pleased to have found a responsible buyer with CSN that will develop the Brazilian business over the long term.'

While Holcim divests its activities in Brazil, Latin America is a core strategic growth region for the company. Building on strong positions in all its markets, Holcim recently invested in an additional clinker line in Malagueno, Argentina, a new grinding station in Yucatan, Mexico, and in the continuous growth of its Disensa retail network. Holcim also introduced its Firestone GacoFlex line in Mexico as the first step in developing its roofing systems business across Latin America.

About Holcim Holcim builds progress for people and the planet. As a global leader in innovative and sustainable building solutions, Holcim is enabling greener cities, smarter infrastructure and improving living standards around the world. With sustainability at the core of its strategy Holcim is becoming a net zero company, with its people and communities at the heart of its success. The company is driving the circular economy as a world leader in recycling to build more with less. Holcim is the company behind some of the world's most trusted brands in the building sector including ACC, Aggregate Industries, Ambuja Cement, Disensa, Firestone Building Products, Geocycle, Holcim and Lafarge. Holcim is 70,000 people around the world who are passionate about building progress for people and the planet through four business segments: Cement, Ready-Mix Concrete, Aggregates and Solutions & Products.

More information is available on www.holcim.com

Important disclaimer - forward-looking statements: This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although Holcim believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Holcim, including but not limited to the risks described in the Holcim's annual report available on its website (www.holcim.com) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. Holcim does not undertake to provide updates of these forward-looking statements.

This document contains inside information within the meaning of the Market Abuse Regulation (EU) (No 596/2014).

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End of ad hoc announcement

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1232561 10-Sep-2021 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1232561&application_name=news

(END) Dow Jones Newswires

September 10, 2021 00:30 ET (04:30 GMT)

Stocks mentioned in the article
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EURO / BRAZILIAN REAL (EUR/BRL) -0.70% 6.4619 Delayed Quote.0.75%
HOLCIM LTD 0.04% 45.23 Delayed Quote.-7.01%
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Sales 2021 26 467 M 28 770 M 28 770 M
Net income 2021 2 402 M 2 611 M 2 611 M
Net Debt 2021 9 844 M 10 700 M 10 700 M
P/E ratio 2021 11,6x
Yield 2021 4,48%
Capitalization 27 656 M 30 065 M 30 062 M
EV / Sales 2021 1,42x
EV / Sales 2022 1,26x
Nbr of Employees 67 409
Free-Float 86,1%
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Number of Analysts 22
Last Close Price 45,21 CHF
Average target price 62,86 CHF
Spread / Average Target 39,0%
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Managers and Directors
Jan Jenisch Chief Executive Officer & Director
Géraldine Picaud Chief Financial Officer
Beat W. Hess Chairman
Keith Carr Head-Legal & Compliance
Adrian W. Loader Independent Director
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