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
Read the article online at: https://www.worldcement.com/asia-pacific-rim/16062015/lafarge-signs-interest-lafarge-india-14/
