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India: CCI clears Holcim-Lafarge deal

By  |  April 1, 2015

The Competition Commission of India has approved the merger of cement giants Lafarge and Holcim on the basis that Lafarge will divest one cement plant and one grinding station in Eastern India.

The divestment process will be carried out in the framework of the relevant social processes and ongoing dialogue with the employee representatives’ bodies. The divestment process will be completed subject to the closing of the merger between Lafarge and Holcim.

The closing of the planned merger is expected in July 2015.

 

Full Content: The Economic Times

 

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