In the statement from Lafarge on Tuesday, the company said "that it has agreed to plead guilty to preparing to provide material to a foreign terrorist organization in Syria".
The company agrees to pay the fine, AP reports.
Lafarge and its defunct subsidiary Lafarge Cement Syria say they paid close to 13 million euros, roughly 130 million kroner, to middlemen in Syria to be able to keep a factory running in 2013-2014, long after other foreign companies had left civil war-ravaged Syria.
The bribes must have gone to several different terrorist organizations - including IS.
The prosecutor: "Has closed his eyes"
According to the prosecutor, the company's representatives have deliberately turned a blind eye to the atrocities committed by the terrorist sect against people they considered to be infidels.
A French court has previously ruled that the cement company knew the payment went to the terrorist sect IS, the Islamic State, which has declared large parts of Syria's territory as part of its caliphate.
Switzerland's Holcim Group, which took over Lafarge in 2015, says the US Justice Department is not charging the ownership group and that it launched an internal investigation into operations in Syria when it took over Lafarge.
Parallels to Ericsson
SVT's Uppdrag review has previously revealed that Ericsson paid similar bribes to make it easier to do business in Iraq at the time of IS rule.
Among other things, the company has been sued by over 500 American war veterans who consider themselves to have suffered damage due to Ericsson's actions.
It is also being investigated by American authorities, both for the bribes themselves and for trying to hide the business from its shareholders.
In Sweden, the corruption investigation against Ericsson was closed, because the prosecutor did not consider himself able to prove that the company participated in crime.