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Sun February 28 2021

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Lafarge continues debt reduction with Mexican sale

22 Sep 14 Lafarge is selling its 47% minority stake in its cement operations in Mexico to Elementia for US$225m (£138m).

The joint venture between Lafarge and Elementia operates three cement plants in central Mexico, close to the capital city.

The divestment will contribute to Lafarge's objective of reducing net debt. It follows last week's sale of a Russian cement plant.

The transaction is subject to the authorisation of relevant authorities and customary closing conditions.

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