Lafarge sells minority stake in gypsum operations

Lafarge sells minority stake in gypsum operations
Published: 30 December 2013

Tagged Under: gypsum Etex Lafarge 

Lafarge is to sell its remaining 20 per cent minority stake in its European and South American gypsum operations to Belgian building materials group Etex for an immediate cash consideration of EUR145m. The transaction, which is subject to customary closing conditions, is expected to be completed in the coming weeks, the French multinational announced on Thursday.