Lafarge to pay $304 million for India buyout-Reuters

(Reuters) French cement maker Lafarge (LAFP.PA) will pay Baring Private Equity 270 million euros ($304 million) to acquire the fund’s 14 percent stake in Lafarge India, the company said on Monday.

The buyout deal, which will return the Indian subsidiary to 100-percent ownership, is conditional upon completion of Lafarge’s merger with rival cement maker Holcim (HOLN.VX), the company said.