Lafarge in talks with PE to sell part of India business
Lafarge is in talks with private equity and financial firms to sell 20-25% of its India unit for about $300 million. The divestment is part of a wider effort from the French cement maker to divest non-core assets and reduce debt levels to below EUR10 billion ($13 billion).
According to Reuters, KKR and Temasek Holdings are among those that have been approached as potential investors. The deal would value Lafarge's Indian operations at around $1.2 billion. Cement sales...
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