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EU: Holcim, Lafarge step forward with merger plans

By  |  October 28, 2014
EU: Holcim, Lafarge step forward with merger plans

Cement conglomerates Holcim and Lafarge have reportedly officially notified the European Commission of their plans to merge, and reports say the companies have now completed merger notification to all 15 jurisdictions necessary to move forward with the deal.

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    According to reports, Holcim and Lafarge, which are looking to combine in a $50 billion deal, will now look towards divestiture plans to avoid competition concerns likely to be raised by competition authorities. Those sales will reportedly include significant transactions across Europe as Holcim plans to divest all of its operations in Slovakia.

    While rumors have appeared in recent weeks as to possible buyers of the assets, the French and Swedish cement companies have remains silent on any discussions held.

    The firms say they plan to complete the deal in the first half of 2015.

    Full content: Market Watch

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