Lafarge CEO: deals that help strategy, balance sheet "Welcome"

Lafarge CEO: deals that help strategy, balance sheet "Welcome"
Published: 14 June 2010

Deals that allows Lafarge to move ahead in its development strategy while at the same time cutting debt are continue to be of interest, CEO Bruno Lafont said Friday.
 
Lafarge, which has been selling assets to cut its debt, recently has announced a brace of such deals: an asset swap that boosted its profile in Brazil, and a joint venture in central Europe in which Lafarge also received some cash.
 
"These type of operations that ally strategy and improving the financial structure are particularly welcome today," Lafont said in an interview with the French broadcaster France 24.