Lafarge to buy Baring stake in Lafarge India

Company signs agreement to acquire 14% interest from private equity firm for €270 million

AS part of the implementation in India of Lafarge’s planned merger with Holcim – and subject to its completion – Lafarge have signed an agreement to acquire the 14% stake held by Baring Asia in Lafarge India, for a consideration of €270 million.

Following this transaction, which is subject to the approval of the regulatory authorities, Lafarge will hold 100% of the shares in Lafarge India.

India is seen as an important market for the future LafargeHolcim Group, which will have a cement capacity of around 68 million tonnes in the country.