Lafarge sells minority stake in European and South American gypsum operations

Lafarge announces the sale of its 20% minority stake in European and South American gypsum operations to Etex for an immediate cash consideration of €145 million. The transaction, which is subject to customary closing conditions, is expected to be completed in the coming weeks
January 7, 2014 Read time: 1 min

725 Lafarge announces the sale of its 20% minority stake in European and South American gypsum operations to Etex for an immediate cash consideration of €145 million. The transaction, which is subject to customary closing conditions, is expected to be completed in the coming weeks.

For more information on companies in this article

Related Content

March 7, 2012

Etex buys Lafarge gypsum assets

French building materials giant Lafarge will retain a 20% share in the new partnership following the sale of its gypsum assets in Europe and South America to Etex Group.

July 8, 2014

50% stake in UK’s Lafarge Tarmac to be sold by Anglo American

Plans to sell its 50% stake in Lafarge Tarmac to Lafarge have been revealed by Anglo American. The stake will be sold for a minimum consideration of €1.12 billion in cash and the proceeds will be used by the miner to pay down debt. It will sell the stake on a debt and cash free basis.

Lafarge Tarmac was formed as an equal joint venture between Anglo American's Tarmac business and Lafarge UK. The divestment of the joint venture is set to be offered to the European Commission by Lafarge as part of its prop

boombox1

Highlighted Content

boombox2