Albert Frere May Increase Lafarge Stake Further
May, 23 2006
[Dow Jones] GBL Chief, Albert Frere of Groupe Bruxelles Lambert - GBL (GBLB.BT) doesn't seem to be looking for a seat on Lafarge's board, which implies that Frere plans to continue buying Lafarge stock, says CSFB. The stake-building news is timely given Lafarge's share price weakness in recent days, as it highlights the potential value that can be unlocked in Lafarge. GBL has told the French market regulator it has boosted its stake in Lafarge to more than 10%. Lafarge +5.2% at EUR93.90. (DGP)
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