S&P: Carmeuse unaffected

Standard & Poor's said the ratings and outlook on L.V.I. Holding NV (Carmeuse; B+/stable/--) are unchanged after the announced $140 million purchase of the company's 40% remaining stake in Carmeuse North America, held by Lafarge.

S&P said the company's operating performance improved in 2004 thanks to focused management and good market conditions, notably at CNA.

Finally, this transaction ends a long process and should enable management to focus on further streamlining measures, according to S&P.

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