Economy & Market
Lafarge raises 200€m
Lafarge SA signed an agreement to raise €200 million through capital increase subscribed by Baring Private Equity Asia, and representing a 14 per cent minority stake in its Indian subsidiary, Lafarge India. This transaction, which is subject to the approval of local regulatory authorities, will accelerate Lafarge's growth plans in India in all its product lines: cement, aggregates and concrete. India is an important market for Lafarge which has been present in this fast evolving market for the past 15 years. The Group will continue to grow in India and provide innovative products and solutions to accompany India's urbanisation needs, particularly in the housing and infrastructure sectors. Lafarge is a world leader in building materials with top ranking position in cement, aggregates, concrete. The company has an established presence across all major cities and towns in India.