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LAFARGE CORPORATION FILES WITH S.E.C. FOR SALE OF SHARES

 RESTON, Va., Aug. 31 /PRNewswire/ -- Lafarge Corporation (NYSE: LAF; TSE, ME) announced today that it has filed a registration statement with the Securities and Exchange Commission for the sale of 6,750,000 shares of common stock. Of these shares, 3,550,000 shares will be offered for sale to the public in the United States and 1,450,000 shares will be offered for sale to the public in Canada. The company is making appropriate filings with the securities commissions of the Canadian provinces in connection with the Canadian public offering. Concurrently with the U.S. and Canadian offerings, Lafarge Coppee S.A., the principal shareholder of the company, has committed to purchase directly from the company at the price to public 1,750,000 shares of common stock, subject to a reduction in shares (up to a total of 750,000 shares) which may be purchased by the underwriters to cover over- allotment, if any, made in connection with the offerings.
 Morgan Stanley & Co. Incorporated and Dillon, Read and Co. Inc. are the managing underwriters for the proposed U.S. offering. The underwriters of the concurrent Canadian offering are Wood Gundy Inc., Midland Walwyn Capital Inc. and RBC Dominion Securities Inc.
 Lafarge is one of the leading construction materials companies in North America. It is the largest cement producer and the largest producer of concrete-related building materials in Canada and the second largest cement producer in the United States. Lafarge is a Fortune 500 company with corporate headquarters in Reston.
 The company anticipates using approximately $37 million in net proceeds from the sale of the shares to fund major capital projects at two of its cement plants. The company regularly evaluates potential acquisitions and, if appropriate, may use a portion of the proceeds to pursue one or more acquisitions, but has no agreement with respect to any such transaction at this time. Pending such uses, the net proceeds will be used to reduce borrowings classified as long-term debt.
 The last reported sale price of the common stock on the New York Stock Exchange Composite Tape on Aug. 30, 1993, was $17-7/8 per share.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This announcement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 8/31/93
 /CONTACT: Jean-Pierre Cloiseau of Lafarge Corporation, 703-264-3670/
 (LAF)


CO: Lafarge Corporation ST: Virginia IN: CST SU:

IH-MH -- DC005 -- 7508 08/31/93 12:31 EDT
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Publication:PR Newswire
Date:Aug 31, 1993
Words:481
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