Companies
Lafarge buys Larsen & Toubro's concrete business for 226 million
The acquisition will help Lafarge become the leader in the Indian ready-mix concrete market
By Surojit Chatterjee
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Posted 15 May 2008 @ 10:16 am GMT
A webshot of Lafarge SA corporate homepage. French cement producer Lafarge announced, Wednesday, that it has acquired India's engineering and construction major Larsen & Toubro's (L&T) concrete unit for 226 million ($349.5 million).
Lafarge SA chairman and CEO Bruno Lafont. The acquisition of Larsen & Toubro's concrete business would allow Lafarge to take a "pioneering step in the emerging Indian market," Lafont said.
Lafarge is the only company in the construction materials sector to be listed in the 2008 '100 Global Most Sustainable Corporations in the World.'
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