France's Lafarge sells cement business in Ecuador
PARIS May 27 (Reuters) - Lafarge said it sold its cement operations in Ecuador to Union Andina de Cementos for a total enterprise value of $553 million, helping the French cement maker cut debt.
"This divestment will contribute to Lafarge's objective to reduce net debt below 9 billion euros ($12.25 billion) in 2014," Lafarge said in a statement on Tuesday. ($1 = 0.7345 Euros) (Reporting by James Regan; Editing by Astrid Wendlandt)
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