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.
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Lafarge and Holcim reorganisation project launched in preparation for merger, with the aim of creating a ‘lean organisation with empowered countries, regional management platforms, and group functions for the combined company’.
Lafarge is creating the potential for increased shipping traffic along the Saginaw River following the acquisition of two docks in Saginaw and Bay City.
At the recent commissioning of a second clinker line at Lafarge India’s Sonadih plant, Lafarge Chariman and CEO, Mr Bruno Lafont disclosed details regarding the company’s future plans in India.
