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Lafarge sells gypsum operations for $735M


June 26, 2013
By Rock to Road

June 26, 2013 – Lafarge sold
its subsidiary's North American Gypsum assets at an enterprise value of nearly $735
million to an affiliate of Lone Star Funds.

Lafarge North America's
Gypsum division manufactures gypsum wallboards and joint compounds throughout a
network of plants in the U.S. and Canada.

In 2012, these operations
generated sales of nearly $325 million and were
classified as assets held for sale in the Lafarge's consolidated balance sheet
since 2011.

This operation completes the
group focus on its core businesses: Cement, Aggregates and Ready-mix Concrete.
Lafarge maintains notably a 20 per cent participation in the JV created with
Etex, which combined the assets of both groups in Europe and South America.

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The transaction, expected to
close very soon, is subject to the satisfaction of customary closing
conditions.