Lafarge, Vicat Shares Fall as Egypt Turmoil Threatens Profits
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Lafarge SA, the world’s largest cement maker, dropped in Paris trading on concern that protests in Tunisia and Egypt may curtail profit from North Africa, where Lafarge got 42 percent of cement income in the past nine months.
Lafarge fell as much as 1.8 euros, or 3.7 percent, to 45.72 euros in Paris, and traded at 45.93 euros as of 4:02 p.m. in Paris. Competitor Ciments Vicat fell 2.3 percent in Paris, while Bergamo-based Italcementi shares were down 3.6 percent in Milan.