Lafarge in Sale of Minority Stake in LIPL to BPEA

May 16, 2013

Cleary Gottlieb is representing Lafarge in the sale of a minority stake in its subsidiary Lafarge India Pvt Ltd to Baring Private Equity Asia.

Lafarge has agreed to BPEA subscribing to a capital increase of its wholly-owned subsidiary LIPL in an amount of €200 million, resulting in BPEA owning a 14% stake in LIPL. The investment will fund Lafarge’s growth plans in India across its product lines like cement, aggregates and concrete. This project is subject to local regulatory clearance.

This investment has been reported to be the largest private equity investment in the cement industry in India so far. It is also the largest India investment to date for Baring, one of the largest private equity firms in Asia with more than $5 billion under management.

Lafarge is the world leader in building materials, with top-ranking positions in all of its businesses: Cement, Aggregates & Concrete.