LafargeHolcim has agreed to divest its interest in Lafarge India to Nirma for US$1.4 billion. The deal is subject to approval by the Competition Commission of India.
Lafarge India operates three cement plants and two grinding stations with a total capacity of around 11 million tonnes a year. The company also markets aggregates and is one of India’s leading ready-mix concrete manufacturers. Proceeds from the divestment will be used to further reduce debt.
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