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News Etex/Lafarge deal gets European go-ahead

Etex/Lafarge deal gets European go-ahead

Written by Global Gypsum staff
31 October 2011
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Europe/South America: The Belgian building-material company Etex Group has received approval from the European Commission (EC) to buy the European and South American gypsum activities of French cement group Lafarge for over Euro1bn (USD1.4bn). The EC ruled that the transaction would not significantly impede effective competition.

The activities, which generated Euro895m in revenue for Lafarge in 2010, will be incorporated into a new entity, in which Lafarge will hold a 20% stake. The divestment is in line with Lafarge's strategy to reduce its debt by Euro2bn in 2011.

Last modified on 23 November 2011
Published in Global Gypsum News
Tagged under
  • Lafarge
  • European Commission
  • Etex
  • Stake

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