Temasek to buy stake in Lafarge India, 20 Dec 2012
Global PE giants KKR, Carlyle and Singapore sovereign investment arm Temasek are in the fray to pick up a minority stake in Lafarge.
In India, Lafarge competes with Holcim-owned ACC and Ambuja Cements which together have a capacity of 50 MTPA; and with UltraTech Cement that has a production capacity of 52 MTPA.
In March this year S&P had revised French parent Lafarge's credit rating to negative predicting that the company may not be able to improve its credit metrics in 2012. Full story