Lafarge sells stake in Mexico cement venture

viernes 19 de septiembre de 2014 12:48 GYT

PARIS, Sept 19 (Reuters) - France's Lafarge said it sold its 47 percent stake in its Mexico cement operations to joint venture partner Elementia for $225 million in cash.

"This divestment will contribute to Lafarge's objective to reduce net debt," Lafarge said in a statemnet on Friday.

The joint venture between Lafarge and Elementia operates three cement plants in central Mexico. (Reporting by James Regan; Editing by Leigh Thomas)