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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.

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