LafargeHolcim Ltd has signed an agreement with Siam City Cement Public Company Ltd for the divestment of its 65 pe rcent shareholding in LafargeHolcim Vietnam, it said on Thursday.

The enterprise value of the deal was CHF867m (US$890.7m), on a 100 per cent basis, the Swiss-French group said in a statement.

It said the transaction was subject to customary regulatory and shareholder approvals, as well as to a right of first refusal of LafargeHolcim's joint venture partner, and was expected to close in the 4Q16.