Shearman & Sterling is advising Lafarge Cementos SAU, a subsidiary of Lafarge S.A. (“Lafarge”), on its sale to Cementos Argos S.A. (“Argos”) of a 53.5% interest in Lafarge Cementos S.A. de C.V. for a purchase price of approximately €232 million (or $306 million). The transaction is expected to close in the fourth quarter of 2013, and is subject to receipt of regulatory approval from the Honduran competition authority.

Lafarge S.A. is a world leader in building materials, employing 65,000 people in 64 countries and posting sales of €15.8 billion in 2012. Argo is a producer of cement and ready mix with a presence in Colombia, the United States and the Caribbean. In the cement business, Argos is the fifth largest cement producer in Latin America.

The Shearman & Sterling team includes partner Clare O’Brien, counsel Nathan Sawyer and associate Derrick Lott (all New York-Mergers & Acquisitions). Other lawyers involved in the transaction include partners Larry Bambino (New York-Tax), John Cannon (New York-Executive Compensation & Employee Benefits), and John Opar (New York-Real Estate); of counsel Danforth Newcomb (New York-Litigation); counsel Jordan Altman (New York-Intellectual Property Transactions), Ethan Harris (Washington, DC-Tax), and Jason Pratt (New York-Real Estate/Environmental); and associates Jocelyn Bush (New York-Real Estate), Alykhan Kurji (New York-Intellectual Property Transactions), Laura Mulry (New York-Real Estate/Environmental) and Valerie Petein (New York-Executive Compensation & Employee Benefits).