Date:19/01/2005 URL: http://www.thehindubusinessline.com/2005/01/19/stories/2005011902591300.htm

Back Lafarge buys out Wisconsin stake in cement firms in India, South Korea, Japan

Our Bureau

NEW DELHI: FRENCH cement-maker Lafarge on Tuesday announced that it is buying out the State of Wisconsin Investment Board's stakes in cement operations in India, South Korea and Japan for $141 million.

The purchase is part of a five-year-old agreement between Lafarge and the investment board and increases the cement company's holdings to 71.4 per cent of Lafarge Halla Cement in South Korea, 94.4 per cent of Lafarge India Private and 100 per cent of Lafarge Japan Holdings, the Pairs-based Lafarge said in a release.