Lafarge Sets Mideast Cement Deal

The French construction materials giant's acquisition of the largest cement producer in the Middle East will enable it to increase production by 50%

Lafarge shares shot up 15.1% on the Paris stock exchange Dec. 10 on news the French construction materials giant will acquire the largest cement producer in the Middle East, Cairo-based Orascom Cement, for $13 billion. The move will strengthen Lafarge's presence in one of the world's fastest-growing markets.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.