Serbia: Lafarge Aggregate

The EBRD is considering providing an equity investment of up to €100 million to (“Lafarge Aggregates Eastern Europe” (the Company), a regional holding vehicle to be created by Lafarge SA (the sponsor) to hold the existing quarry and distribution operations in Ukraine and pursue further developments in Ukraine, Russia, Serbia, Belarus and other selected EBRD countries of operations. This dedicated vehicle co-owned solely by EBRD and Lafarge SA (sponsor and majority shareholder) will be acquiring other operating aggregate quarries and concrete operations as well as developing new greenfield aggregate and concrete operations.

The project objective is to support the development of Lafarge's aggregates business, which assists in the development of local companies in the eligible sectors, enhances their performance and improves their environmental standards.

News source: EBRD link: article