Southeast Asia producers line up for LafargeHolcim Indonesia sale

The sale of LafargeHolcim's Indonesian unit has attracted the interest of several potential buyers in the region, including Japan's Taiheiyo Cement Corp, Malaysia's YTL Corp and PT Semen Indonesia, Bloomberg reports, citing unnamed sources.

HeidelbergCement's Asian unit PT Indocement Tunggal Prakarsa is also considering a bid, Bloomberg reports.

Negotiations are still at an early stage and LafargeHolcim could seek as much as US$2bn for the unit, Bloomberg says. LafargeHolcim owns 80.6 per cent of PT Holcim Indonesia. LafargeHolcim Chief Executive Officer, Jan Jenisch announced that the leading cement producer would divest US$2bn of assets next year towards the five-year plan to increase sales and cash flow.

The first round of bidding for LafageHolcim Indonesia is due to be held this month.