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India: Lafarge to buy back shares of India unit

By  |  January 21, 2015

Lafarge India is reportedly buying back the 14.03 percent stake it sold to global private equity investor Baring Private Equity Asia in 2013. Through its wholly-owned subsidiary Paris Cement Investment Holdings, Barings Asia acquired a 14.03 per cent stake in Lafarge India for 275USD.

With Lafarge and Holcim planning to merge, Barings would be exiting the investment in less than two years. The Lafarge and Holcim deal is still awaiting clearance by the Competition Commission of India. A decision is likely to be announced “within a month,” the watchdog’s chairman said on Monday. Full content Economic Times

Full Content: Economic Times

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