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EU: European Commission clears Holcim?Lafarge merger at phase I

By  |  February 23, 2015

Swiss cement producer Holcim, on Monday said its proposed $40 billion merger with French peer Lafarge is on track for completion in the first half of this year.

In April, Holcim and Lafarge agreed to merge in a bid to create the world’s largest cement and crushed-rock company. The deal is subject to clearance by regulators across a host of countries and mandates Holcim and Lafarge to sell some assets.

The merger already has been approved by the European Commission, the European Union’s antitrust authority, and five authorities in the US, Canada, India, Mauritius and Ecuador have yet to give their consent, though some of those approvals are expected in March.

 

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