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Lafarge sells Honduran unit to Argos

Tuesday, September 3, 2013

France's Lafarge has agreed to sell its cement business in Honduras to Cementos Argos for$306 million, the company said.

The transaction is based on an enterprise value for the unit, in which Lafarge holds 53.3 percent.

Cementos Argos is a Colombian company which dominates 51 percent of the cement industry in Colombia.

Source: Economic Times