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| Lafarge acquires share in Heracles French cement and construction materials giant Lafarge has announced the acquisition of approximately 18.5 million shares in Heracles from National Bank of Greece at a price of € 17.40 per share for a total consideration of € 321.6 million in cash. As a result of this transaction, Lafarge will increase its ownership in Heracles from 52.7% to 78.7%. Heracles is Greece's largest cement producer, with a production capacity of 9.8 million tons per year. It operates three cement plants, Volos (the largest in Europe), Halkis and Milaki, and seven terminals. Heracles is also active in aggregates and concrete. write your comments about the article :: © 2007 Construction News :: home page |