A PYMNTS Company

France/Switzerland: Lafarge, Holcim line up asset buyers

 |  October 9, 2014

Cement giants Lafarge and Holcim have announced that there are several bidders possibly looking to acquire all assets to be sold by the companies in preparation for their merger.

According to reports, France-based Lafarge said Thursday that some buyers will either “make an offer for a large chunk, or for everything in Europe or for the whole set.” The divestitures are part of the company’s plans to gain approval to merge with Switzerland-based Holcim.

Larfarge also noted that the companies are close to submitting their formal merger application to the European Commission. The companies expect to close the deal in the first half of next year, Lafarge said.

The transaction has already been cleared by South African competition authorities.

Full content: Bloomberg

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.