ZURICH (Reuters) - Switzerland's Holcim (VX:HOLN) said on Monday it had sold its 27.5 percent stake in Thailand's second-largest cement company Siam City Cement (BK:SCCC), in deals worth 655 million Swiss francs (458 million pounds).
Zurich-based Holcim, which plans to merge with France's Lafarge (PA:LAFP), said 24.9 percent of Siam City Cement was acquired by an affiliate of Hong Kong-based conglomerate Jardine Matheson Holdings Ltd (SI:JARD).
The remaining 2.6 percent was purchased by institutional investors, Holcim said in a statement.