Anglo American completes exit from Tarmac

Anglo American plc announces that it has completed the sale of its interests in the operating joint venture entities which have historically operated under the Tarmac name in the UAE, Oman and Qatar to Colas Moyen Orient SAS, a subsidiary of Colas SA, a road and transport infrastructure construction company forming part of the Bouygues Group. The sale to Colas of an additional non-operating joint venture entity in Oman is pending satisfaction of certain outstanding conditions.

Completion of this transaction will mark the final exit by Anglo American from the Tarmac businesses following the completion of the sale of its 50 per cent ownership interest in Lafarge Tarmac to Lafarge, as previously announced in July 2015. The terms of the transaction are confidential, Anglo American said in a statement.