Anglo American sells Tarmac Middle East interests to Colas
Anglo American has sold its interests in the operating joint venture entities - which have historically operated under the Tarmac name in the United Arab Emirates, Oman and Qatar - to Colas Moyen Orient SAS (Colas), 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% ownership interest in Lafarge Tarmac to Lafarge, as previously announced in July 2015. The terms of the transaction are confidential.
