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Lafarge, a French major in cement, aggregates and concrete businesses, has signed an agreement to acquire the 14 per cent stake held by Baring in Lafarge India, for a consideration of €270 million.

Following this transaction, Lafarge will hold 100 per cent of the shares of Lafarge India.

The deal is a part of the implementation in India of Lafarge’s planned merger with Holcim, the company said.

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