Belgian holding Groupe Bruxelles Lambert has raised its stake in French cement giant Lafarge to 15 per cent, French market regulator AMF said in a statement.
GBL, part-owned by Belgian billionaire Albert Frere, now owns 15 per cent of Lafarge’s share capital and 14.13 per cent of its voting rights. It previously owned 11.3 per cent of Lafarge.
The news come hot on the heel of reports that Frere had sold its 6.1 percent stake in French construction and transport concessions firm Eiffage .
No one at Lafarge was immediately available to comment.