12th Jan 2016 09:34
LONDON (Alliance News) - Troubled Anglo-South African miner Anglo American PLC on Tuesday said it has sold its Tarmac Middle East interests to France's Colas Moyen Orient SAS.
Colas Moyen Orient is part of Colas SA, which itself is owned by French conglomerate Bouygues Group.
The sale of Anglo's interests, covering the Tarmac-branded assets it owns in the United Arab Emirates, Oman and Qatar, will mark the final exit of Anglo American from the Tarmac businesses.
Anglo said the terms of the deal were confidential.
Shares in Anglo were up 1.0% to 232.85 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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