Lafarge in capital raise for Indian growth

Cement producer Lafarge is to use a € 200 million (US$ 257 million) investment in its Indian subsidiary to fund its growth strategy in the country.

Investment company Baring Private Equity Asia bought a 14% minority stake in Lafarge India. Lafarge said the transaction would accelerate growth plans in India in all its product lines – cement, aggregates and concrete.

India is an important market for Lafarge, which has been present in this fast developing country for the past 15 years. Emerging markets continue to be the main driver of demand for the producer.