The French cement group LAFARGE is on the verge to taking a 37.5% stake in the cement business of LARSEN AND TOUBRO, one of the foremost cement producers in India. According to The Times of India, it has offered $105 per tone for this division whose production capacity is 16 million tonnes a year. The agreement, which should be signed at the end of next month, represents 29 bn rupees. In addition, according to the Wall Street Journal, LAFARGE and CIMENTS FRANCAIS are among the firms...