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Lafarge signs agreement to buy out interest in Lafarge India

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World Cement,

As part of Lafarge’s planned merger with Holcim - and subject to its completion – the company has signed an agreement to purchase the 14% stake in Lafarge India currently possessed by Baring.

The deal for the acquisition is valued at €270 million.

After the completion of the deal and subject to the approval of the regulatory authorities, Lafarge will possess 100% of the shares in Lafarge India.

Adapted from press release by Joseph Green

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