UNQUOTE

FRANCE - Lafarge sale draws interest

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Ahead of the deadline for bid submissions on 6 September, a dozen private equity firms are reportedly set to take part in the auction for two thirds of Lafarge's roofing business. One or two trade buyers are also said to be preparing a bid.

According to press reports, Lafarge intends to retain a third of the equity of its subsidiary. The equity for sale is reportedly valued at about EUR 2bn. JP Morgan has been manadated to conduct the sale. CVC, Eurazeo, KKR, LBO France, Cinven, PAI Partners, Bain Capital, Alliance Capital, Carlysle, Advent, Doughty Hanson and Candover are thought to be bidding.
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