Lafarge has acquired a 35 per cent stake in Algerian cement company ERCC, according to Agence-France Presse.
The acquisition is part of Lafarge’s overall investment in Algeria of between US$400m and $500m, the sources said.
The Algerian state owns the remaining 65 per cent of the company.
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The acquisition is part of Lafarge’s overall investment in Algeria of between US$400m and $500m, the sources said.
The Algerian state owns the remaining 65 per cent of the company.
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