Frere aiming to raise Lafarge stake

Frere aiming to raise  Lafarge stake
Published: 01 March 2007

Belgian financier Albert Frere is planning to eventually raise his stake in French cement maker  Lafarge to 30 per cent, French magazine Challenges reported in a brief, unsourced article.  
 
Challenges said in an article due to be published on Thursday Frere aimed to have 20 percent of  Lafarge by the end of 2007 and hoped to raise this to 30 per cent during the next three years.  
 
Frere’s holding company  Groupe Bruxelles Lambert (GBL) currently has around 16 percent of  Lafarge. GBL Chief Financial Officer Patrick de Vos said he was aware of the Challenges report but had no comment to make on it.