Lafarge’s plaster unit attracts 10 potential buyers

Lafarge’s plaster unit attracts 10 potential buyers
Published: 13 May 2011

Some 10 sector companies and investment funds have shown interest in the acquisition of Lafarge’s plaster unit Lafarge Gypsum, local press report.

In the first round of the bidding procedure, Lafarge has received offers from investment funds KKR, Carlyle, Cinven, Advent and TPG and US companies Eagle Materials, US Gypsum, National Gypsum and Belgian Etex.

Some of the potential buyers are, however, interested only in European assets, valued by Lafarge at some EUR 800m, while others eye mostly US assets, valued at some US$400m.

The sale process is coordinated by banks BNP Paribas and Citigroup.

Abstracted from an original article in Les Echos