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Germany: Firm becomes latest to eye Lafarge/Holcim divestitures

By  |  May 7, 2014

Germany-based HeidelbergCement is reportedly the latest company to eye assets likely to be divested by merging giants Lafarge and Holcim, according to reports.

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    Industry players are planning their next move in the wake of Lafarge and Holcim’s merger announcement. As the world’s top two cement companies, they would combine to become the world’s largest. Experts expect regulators will require asset sales to reduce competition concerns from the deal.

    The companies are reportedly planning on selling nearly $7 billion worth of assets, the majority of which would be in Western Europe. HeidelbergCement confirmed Wednesday that those sales would “certainly” offer an opportunity to acquire some of the divestitures, but noted that the company could not plan further because Lafarge and Holcim have not yet filed their official merger notification to antirust regulators.

    HeidelbergCement is the world’s third-largest cement company.

    Full content: Reuters

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