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Lafarge has acquired EBRD's shareholding in Lafarge Polska
Lafarge has acquired the EBRD's 23 per cent shareholding in Lafarge Polska, which is made up of Lafarge’s cement and aggregates & concrete operations in Poland. The transaction amounts to €84 million, bringing the Group's ownership to 100 per cent.
According to Bernard Kasriel, Chief Executive Officer of Lafarge, “this investment confirms our involvement within the Polish market. The four divisions of the Group are present in Poland, a country with a strong potential for development with its entry into the European Union."
Alain Pilloux, the EBRD’s Business Group Director for Central Europe and Specialised Industries, said: "We have been very pleased with the cooperation in Poland with Lafarge. It is an excellent example of a successful industrial restructuring that has led to significant improvements in operations. We are particularly impressed with Lafarge’s commitment to the environment."
Lafarge in Poland: With 1750 employees in Poland, Lafarge is present in all divisions of the group. In a national cement market amounting to 11 million tons annually, Lafarge owns two fully modernized cement plants, in Kujawy and in Malagoszcz, with an annual capacity of 3.3 million tons. Lafarge also has 5 new or modernized roofing plants, 18 concrete plants and 9 aggregate sites as well as one brand new gypsum wallboard factory. Lafarge is the world leader in building materials, and employs 77,000 people in 75 countries. The Group holds top-ranking positions in all four of its Divisions: Cement, Aggregates & Concrete, Roofing and Gypsum. Lafarge posted sales of €14.6 billion in 2002.
The European Bank for Reconstruction and Development is owned by 60 countries and two intergovernmental institutions. With €20 billion of capital, it employs lending and equity tools to foster the transition from centrally planned to market economies in central and Eastern Europe and the Commonwealth of Independent States.
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