Lafarge buys out minority shareholders

Lafarge buys out minority shareholders
Published: 18 January 2005

Lafarge said Tuesday it paid US$141m to buy out minority holdings retained by the State of Wisconsin Investment Board in its businesses in South Korea, India and Japan.  In a statement, Paris-based Lafarge said the move was in line with the expiry of partnership accords struck with SWIB five years ago.   Under terms of the buyout, Lafarge is buying a 20.3 per cent stake in Lafarge Halla Cement in South Korea, lifting its total stake to 71.4 per cent.   It’s also acquiring a 23.6 per cent stake in Lafarge India Private Ltd, upping its total holding to 94.4 per cent.  Lastly, Lafarge is buying a 43 per cent stake in Lafarge Japan Holdings, taking 100 per cent control of the business.