Lafarge the French cement maker, has identified two potential candidates to lead a combined company after the planned merger with Swiss competitor Holcim Bloomberg reported.
Lafarge Chief Financial Officer Jean-Jacques Gauthier and Executive Vice-President Eric Olsen are favored by the French company to act as chief executive officer of LafargeHolcim, said the report.
The plan to create the world’s biggest cement company, announced last April, hit a snag when Holcim asked March 16 for improved financial terms and went back on an agreement to make Lafarge CEO Bruno Lafont the CEO of the combined company.
The companies agreed on new terms on March 20, valuing Lafarge at 28.2 billion euros.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Turkey Hits Meta with $37.20 Million Fine Over Data-Sharing Practices
May 8, 2024 by
CPI
Google Seeks Dismissal of UK Suit Over Alleged Anti-Competitive Practices
May 8, 2024 by
CPI
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI