French powerhouse manufacturer Lafarge said it would sell its remaining 20 percent stake in its former European and South American gypsum operations to Belgian building materials group Etex for 145 million Euros ($198 million) in cash, reported Reuters.

The transaction is expected to be completed in the coming weeks, the company said in a statement. Lafarge had sold 80 percent of the business to Etex in 2011 but retained a minority holding.