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| Lafarge to sell its European and South American gypsum operations French cement maker Lafarge announced that the Group has entered into exclusive negotiations with Etex Group for the sale of its European and South American Gypsum assets at an enterprise value of 1 billion euros. Under this proposed agreement, Lafarge would receive net cash proceeds of approximately 850 million euros and in addition would receive a 20% interest in the new partnership, which would combine the European and South American Gypsum activities of both Groups. Lafarge's European and South American Gypsum division manufactures gypsum wallboard and other gypsum-based products such as plaster, joint compounds, and plaster blocks. In 2010, Lafarge's European and South American Gypsum operations generated consolidated sales of 895 million euros and EBITDA of 115 million euros. write your comments about the article :: © 2011 Construction News :: home page |