JP Morgan to spin off roof tiles for Lafarge

Lafarge, the concrete-to-gypsum building materials manufacturer with a dual listing in Paris and New York, has appointed JP Morgan to explore a possible sale of one of its roof tile businesses for up to €2bn ($2.5bn).

The business is Lafarge's least profitable although a final decision on a sale has yet to be made, Bloomberg reports, citing two people familiar with the plans.

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