PE firms cement purchase of Lafarge Korea unit

Glenwood and Baring Private Equity Asia are paying $478 million for the business, the latest private equity foray into the country's distressed cement industry.

PE firms cement purchase of Lafarge Korea unit

LafargeHolcim has agreed to sell its South Korean unit Lafarge Halla to Glenwood and Baring Private Equity Asia in a deal worth W560 billion $478.48 million, the latest private equity foray into the country’s cement industry.

The Swiss building materials company confirmed the divestment in its annual report, which was released on Thursday. LafargeHolcim said it expects to close the sale of Lafarge Halla, Korea’s fifth-largest cement producer, in the...

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