India: sale of Lafarge business gets CCI approval

French cement giant Lafarge has started the process to sell off its operations in India, with the value estimated at approximately INR 100 billion (€1.34 billion/US$1.51 billion). This came after the Competition Commission of India (CCI) approved the sale of Lafarge India. According to investment bank sources, global private equity companies, including Blackstone and KKR, as well as local companies CRH, JSW Cement and Piramal Enterprises have shown interest in the sale. Arpwood Capital and Citi w
Quarry Products / March 21, 2016

French cement giant 725 Lafarge has started the process to sell off its operations in India, with the value estimated at approximately INR 100 billion (€1.34 billion/US$1.51 billion).

This came after the Competition Commission of India (CCI) approved the sale of Lafarge India.

According to investment bank sources, global private equity companies, including Blackstone and KKR, as well as local companies CRH, JSW Cement and Piramal Enterprises have shown interest in the sale.

Arpwood Capital and Citi were appointed investment bankers for the sale of the local Lafarge business that has an output capacity of 11 million tonnes/year.

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