Lafarge has signed an agreement to buy out a 14% interest in Lafarge India, subject to the completion of its planned merger with Holcim
As part of the implementation in India of its planned merger with Holcim - and subject to its completion - Lafarge has signed an agreement to acquire the 14 stake held by Baring in Lafarge India, for a consideration of €270 million.
Following this transaction, subject to the approval of the regulatory authorities, Lafarge will hold 100 of the shares of Lafarge India.
NOTES TO EDITORS
A world leader in building materials, Lafarge employs 63,000 people in 61 countries, and posted sales of €12.8 billion in 2014. As a top-ranking player in its Cement, Aggregates and Concrete businesses, it contributes to the construction of cities around the world, through its innovative solutions providing them with more housing and making them more compact, more durable, more beautiful, and better connected. With the world’s leading building materials research facility, Lafarge places innovation at the heart of its priorities in order to contribute to more sustainable construction and to better serve architectural creativity.
