Lafarge accelerate growth plans in India
Company to raise €200 million to accelerate development across all product lines in India
LAFARGE SA have signed an agreement to raise €200 million through capital increase subscribed by Baring Private Equity Asia, and representing a 14% minority stake in their Indian subsidiary, Lafarge India Private Ltd.
The transaction, which is subject to the approval of local regulatory authorities, will accelerate Lafarge’s growth plans in India across all their product lines – cement, aggregates and concrete.
Lafarge, who have been present in this fast-evolving part of Asia for the past 15 years, say India represents an important market for the company.
The Group says it will continue to grow in India, providing innovative products and solutions to meet India’s urbanization needs, particularly in the housing and infrastructure sectors.
