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| Lafarge to divest its activities in Italy French cement maker Lafarge announced the divestment of its wholly-owned Cement and Aggregates & Concrete activities in Italy to Italian group Sacci, for an enterprise value of 290M EUR. Lafarge has been present in the Italian market through its Cement and Aggregates & Concrete businesses since 1996. In 2007, Lafarge reported sales of €116M from these activities and EBITDA of €18M. Sacci is a family-owned Italian group headquartered in Rome, with around 550 employees. It runs operations across Italy, including four cement plants, 31 ready-mix concrete plants and interests in transportation and environmental services. The transaction will be notified to the Italian antitrust authority in the coming days and is expected to close before year end 2008. write your comments about the article :: © 2008 Construction News :: home page |