Lakshmi Mittal buys Anglo American, Lafarge's UK assets for 272mln pounds
Mining firm Anglo American and cement maker Lafarge have sold one of the UK's biggest concrete plants to Indian business tycoon Lakshmi Mittal.
The Indian-origin steel tycoon purchased Lafarge, and AA's assets for 272 million pounds.
According to the Daily Express, among other assets the deal includes Anglo-owned Tarmac's 50 per cent stake in Midland Quarry Products, one of the country's biggest hard rock suppliers.
The sale was a condition by the Competition Commission to allow Tarmac and Lafarge to combine their building materials activities in a joint venture.
According to the report, Mittal said the business deal reflected his confidence in UK growth.