MorePAI partners and Lafarge have completed the sale of Lafarge Roofing to PAI partners for an enterprise value of €2.4 billion (~ $3.4 billion). Lafarge has reinvested a 35% stake in the new entity. Lafarge Roofing manufactures and sells a comprehensive range of concrete and clay tiles for pitched roofs, roofing components and chimney systems for new build and renovation purposes. Expected net sales and proforma EBITDA are €1.6 billion (~ $2.1 billion) and €268 million (~ $354 million), respectively, for FY 2006.
The 35% stake that we have decided to take in the capital of the new entity demonstrates that we want to take part in its future success by maintaining a link with this activity,” said Bruno Lafont, chief executive officer of Lafarge. “We are very pleased to be shareholders alongside PAI, who offered the best solution for this activity and its employees.”
For more information, visit www.lafarge.com or www.paipartners.com.
The 35% stake that we have decided to take in the capital of the new entity demonstrates that we want to take part in its future success by maintaining a link with this activity,” said Bruno Lafont, chief executive officer of Lafarge. “We are very pleased to be shareholders alongside PAI, who offered the best solution for this activity and its employees.”
For more information, visit www.lafarge.com or www.paipartners.com.
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