A PYMNTS Company

India: LafargeHolcim eyes selling its India operations

 |  February 4, 2016

Cement giant LafargeHolcim is considering selling more of its operations in India to address concerns by the Indian competition regulator about the merger of the group’s legacy companies.

LafargeHolcim, which launched as a combined company last July, had planned to sell two cement plants in eastern India to Birla Corporation Limited, to satisfy the country’s competition regulator over the merger of Switzerland’s Holcim and France’s Lafarge last year. The two plants had an approximate value of 750 million Swiss francs.

But LafargeHolcim said Thursday it was looking for an “alternative remedy,” as regulatory issues prevented BCL buying the plants and their associated quarries directly. India is LafargeHolcim’s biggest market with around 13% of its total sales.

Full content: MarketWatch

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