Sawiris increases Lafarge stake to 13.09 per cent

Sawiris increases Lafarge stake to 13.09 per cent
Published: 07 April 2008

Nassef Sawiris, NNS Holding Sarl and NNS Holding increased their stake in Lafarge on March 27 to 13.09%, according to a filing with the French stock exchange authority, Autorite des Marches Financiers.  
 
According to the filing, on the same date, the voting stake of Sawiris and the holding companies increased to 12.17%.  
 
The purchase of the shares, which were sold at EUR125 per share, was approved by  Lafarge shareholders at a meeting Jan. 18 in order to finance  Lafarge’s purchase of Orascom Construction Industries’  cement group.  
 
The Sawiris family owns  Orascom Construction Industries and Nassef Sawiris acts as a representative of its founding shareholders.