Mining giant Anglo American has agreed to sell its stake in a tarmac and aggregates business for at least £885m, most of which will then be sold, the companies said in a statement.
Holcim has hired Credit Suisse and HSBC, while Morgan Stanley and BNP Paribas are advising Lafarge on the asset sale, people with knowledge of the situation told Bloomberg.
Private-equity firms CVC Capital Partners and KKR are considering bids for the assets, which could be worth as much as €5bn, said the people.
Meanwhile, KKR and fellow private equity firm TPG Capital are said to be looking to buy a majority stake in food retailer Kuwait Food Co, also known as Americana.
At least six firms are considering bidding for the $5bn stake in the company, which is held by the Kuwait-based billionaire al-Kharafi family, according to a Bloomberg report.
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