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Monday, Jan. 8, 2001 | 11:27 a.m.
THE ASSOCIATED PRESS
LONDON -- Lafarge SA of France has agreed to buy rival Blue Circle Industries PLC in a deal which values the British cement manufacturer at $4.7 billion and would create the world's biggest cement producer.
Blue Circle's board has recommended the takeover to shareholders, Lafarge said, projecting savings through combined and streamlined operations, and lower purchasing costs.
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