Anglo American sells building materials business

4th May 2010 15:51

Mining giant Anglo American has sold Tarmac's French and Belgian building materials business, Tarmac Matériaux de Construction (TMC), to Fondations Capital for a total enterprise value of €67m.The group said TMC is one of the leading independent producers of concrete blocks in the French and Belgian markets, producing prefabricated concrete blocks, such as street kerbs and paving stones.Tarmac, which is a 100%-owned subsidiary of Anglo American, is an international producer of heavy building materials.