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Sat September 26 2020

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Lafarge sells Russian cement plant

17 Sep 14 Lafarge has agreed to sell its cement operations in the Urals region of Russia for €104m (£83m).

The Lafarge UralCement plant has been sold to Buzzi Unicem. The sale will contribute to Lafarge's objective to reduce net debt.

Lafarge will remain present in Russia in Moscow region, where its Ferzikovo plant was inaugurated in May 2014.

The transaction is subject to the authorisation of relevant authorities as well as closing conditions.

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