Bloomberg

(Bloomberg) -- LafargeHolcim Ltd., the world’s largest cement maker, agreed to sell its stake in Lafarge India to Nirma Ltd. for an enterprise value of about $1.4 billion as it reduces debt.

The unit operates three cement plants and two grinding stations with capacity to produce about 11 million metric tons per year, LafargeHolcim said in a statement Monday.

To contact the reporter on this story: Sally Bakewell in London at sbakewell1@bloomberg.net. To contact the editors responsible for this story: Shelley Smith at ssmith118@bloomberg.net, Neil Denslow

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