LafargeHolcim to sell Lafarge India to Nirma for $1.4B

LafargeHolcim has entered into a letter agreement to sell its Indian operations, Lafarge India, to Indian conglomerate Nirma for $1.4 billion, including debt. The deal includes three cement plants and two processing facilities, and is subject to approval by India's competition commission.

“LafargeHolcim, the Franco-Swiss cement group created by a €41bn merger last year, is to sell off some of its Indian operations in a deal worth $1.4bn.”bdcmagazine.com

• 1 source
• bdcmagazine.comLafargeHolcim to offload Indian unitCristina DiaconuAug 2, 2017

Summarized from public sources; check the original articles before acting on it.