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Author: TMFSpirit Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 40  
Subject: Selling specialty products unit Date: 11/27/2000 12:24 PM
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Good morning,

Lafarge confirmed on Monday after months of speculation that it was selling its specialty products unit to private equity firms CVC Capital Partners and Advent International.

Lafarge said in a statement that the deal values the unit at 890 million euros. As part of the deal Lafarge said it would taking 33.34 percent -- a minority blocking stake -- of a new company to be created with the equity firms.

Click on the news link at the top of this page to read the full press release.

Keep Foolish and Prosper,

Spirit
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