Frere aiming to raise Lafarge stake
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. Published under Cement News
