The consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS).
37. Events after the reporting period
Due to regulatory issues relating to the transfer of mining rights critical to the sale of two cement plants in India (5 million tons), which have been classified as held for sale as at December 31, 2015, the Group announced on February 4, 2016 that it was considering divesting its interest in Lafarge India Pvt. Limited, subject to the approval of the Competition Commission of India (CCI). Lafarge India Pvt. Limited owns three cement plants (11 million tons), 72 Ready-Mix plants and two aggregate plants. On February 8, 2016, LafargeHolcim confirmed it received a revised order from the CCI for the divestment of its interest in Lafarge India Pvt. Limited. As a result, the Group is launching a new divestment process for that company to ensure compliance with the revised order as a result of the merger. Lafarge India Pvt. Limited is disclosed in the reportable segment Asia Pacific.