Lafarge closes sale of Gypsum assets to Etex Group

NYSE Euronext Paris : LG
11.04.2011
 

Lafarge announced that the Group received €850 million with the closing of the sale of its European and South American Gypsum assets to Etex Group. Lafarge will retain a 20% interest in the new partnership, allowing it to participate in the future upside of the business with Etex Group, a strong industrial company with expertise in building materials and systems.

 

Notes to editors
Lafarge is the world leader in building materials, with top-ranking positions in all of its businesses: Cement, Aggregates & Concrete and Gypsum. With 76,000 employees in 78 countries, Lafarge posted sales of Euros 16.2 billion in 2010. Lafarge was ranked 6th in the "Carbon Disclosure Project" and entered the global "Dow Jones Sustainability Index" in 2010 in recognition of its sustainable development actions. With the world's leading building materials research facility, Lafarge places innovation at the heart of its priorities, working for sustainable construction and architectural creativity.    

 
 

The press release (pdf, 53.12 KB)