Lafarge to Buy Baring Private Equity Asia’s 14 Percent Stake in Lafarge India (Asia)

Source: Lafarge

Global building materials manufacturer Lafarge has agreed to acquire a 14 percent stake in Lafarge India, the company’s India arm, from Asia-focused private equity firm Baring Private Equity Asia for EUR270 million (approximately US$304 million). The transaction is part of Lafarge’s planned merger with Holcim, a global building materials manufacturer. The transaction, which will be structured through Baring Asia Private Equity Fund V, is subject to the completion of Lafarge’s merger with Holcim and regulatory approval.