Lafarge says its stake in Lafarge Malayan Cement unchanged


Kuala Lumpur: Lafarge SA said its control of Lafarge Malayan Cement Bhd remained unchanged after its wholly-owned subsidiary Associated International Cement Ltd took over a stake in the Malaysian unit from Lafarge Cement UK Plc. 


"Management and control of Lafarge Malayan Cement Bhd remains unchanged, "Christel des Royeries, a spokesman for Paris-based Lafarge said in a telephone interview.


Lafarge Malayan Cement saw a 43% stake change hands in an off-market cross trade, according to data compiled by Bursa Malaysia.


Lafarge in 2010 sold 11.2% of Lafarge Malayan Cement, reducing its shareholding, held by Lafarge Cement UK and Associated International Cement, to 51%.