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| Lafarge to buy out a 45% interest in Lafarge Shui On Cement French cement maker Lafarge has signed an agreement to acquire the 45% stake held by SOCAM Development Limited in Lafarge Shui On Cement, for a consideration of HK$2, 553 million (eq. to c. €294 million) subject to the completion of its merger project with Swiss firm Holcim. With a total cement production capacity of 32 million tonnes in South West China - in the provinces of Yunnan, Sichuan, Guizhou and Chongqing -, Lafarge Shui On Cement would thus become a wholly-owned subsidiary of LafargeHolcim following completion of the merger project and this purchase. This transaction is also subject to the approval of the shareholders of SOCAM. write your comments about the article :: © 2015 Construction News :: home page |