Construction products giant sells its Australian operations for 拢109m

Construction products giant Lafarge has sold its Australian gypsum business, weeks after it entered talks to sell an 80% stake in its Euopean and South American gypsum businesses.

Lafarge - which merged with former rival Tarmac earlier this year - has sold the Australian gypsum business to Knauf for 鈧�120m (拢109m).

Under the terms of the earlier deal Lafarge is set receive 鈧�850m (拢748m) for its European and South American gypsum operations and a 20% stake in a new partnership with Etex, subject to approval by anti-trust authorities.

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