Britain's richest man, the steel magnate Lakshmi Mittal, has made his first personal acquisition in the UK after agreeing to buy one of the country's largest cement plants in a £272m deal with Tarmac and France's Lafarge.
Mr Mittal will acquire 172 ready-mix concrete plants and five aggregates quarries, as well as the Hope cement plant in Derbyshire.
A spokesman for Mr Mittal said: "We have confidence in the future growth of the British economy and, more specifically, the construction sector.
As the UK moves out of recession we expect to see a recovery in construction activity.
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