Lafarge buys back Baring Asia's stake in its India unit
French cement maker Lafarge has agreed to buy back Baring Private Equity Asia's stake in its India division, Lafarge India, for EUR270 million ($304 million).
Currently Baring holds a 14% stake in Lafarge India. The transaction will return 100% control of the division to Lafarge, and is a precondition to its merger with Swiss rival Holcim Limited, according...
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