PE firms cement purchase of Lafarge Korea unit

Glenwood and Baring Private Equity Asia are paying $478 million for the business, the latest private equity foray into the country's distressed cement industry.

LafargeHolcim has agreed to sell its South Korean unit Lafarge Halla to Glenwood and Baring Private Equity Asia in a deal worth W560 billion ($478.48 million), the latest private equity foray into the country’s cement industry.

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