Lafarge in talks with PE firms to sell 20% stake in India unit

French cement maker Lafarge SA is in talks with private equity and financial firms to raise about $300 million( about Rs 6,000 crore) by selling around a 20-25 percent stake in its India unit, two sources with direct knowledge of the matter told Reuters.

[caption id=“attachment_564115” align=“alignleft” width=“380”] The deal would value the Indian operations at around $1.2 billion. Reuters[/caption]

The deal would value the Indian operations at around $1.2 billion.

The world’s largest cement maker is also weighing an option to exit India entirely if they get a strategic investor to buy out its entire operations in the country, said the sources, who declined to be named as the negotiations were private.

Lafarge is in talks with a slew of firms, including Kohlberg Kravis Roberts and Co. and Temasek said the two sources.

KKR declined to comment. Lafarge and Temasek were not immediately available for comment.

Reuters