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| Lafarge acquires L&T Concrete in India French cement maker Lafarge announced the acquisition of L&T Concrete for an enterprise value of 226 million euros. Lafarge will be acquiring 66 highly efficient concrete plants located across India, in key markets such as Delhi, Kolkata, Mumbai and Bangalore, with total estimated volumes of 4.1Mm³ in 2008 and a market share of approximately 25%. The acquisition will be accretive to Lafarge earnings per share from 2009. With this acquisition, Lafarge establishes itself as the leader in the Indian readymix concrete market. The readymix concrete market is still in an early stage of its development in India, but offers strong growth and value creation potential. The Indian construction market is developing to meet significant demand for new housing, urbanization and infrastructure. write your comments about the article :: © 2008 Construction News :: home page |