A PYMNTS Company

Ireland: Cement Makers Holcim and Lafarge to Sell Assets to CRH for $7.3 Billion

By  |  February 1, 2015

Irish building materials company CRH has agreed to acquire assets from cement companies Lafarge and Holcim for $7.3 Billion.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The sale of the assets in Europe, Canada and elsewhere is a precondition of winning antitrust approval of the about $40 billion pending merger between France’s Lafarge and Switzerland’s Holcim.

    In December 2014, The European Commission, the European Union’s antitrust authority, said that it approved the proposed merger of French cement giant Lafarge SA with Swiss peer Holcim Ltd, subject to asset sales by both companies in regions where their activities overlap.

    The European Commission or EC’s approval of the merger was conditional upon the divestment of Lafarge’s businesses in Germany Romania and the UK. Holcim was required to divest its operations in France, Hungary, Slovakia, Spain and the Czech Republic.

     

    Full Content: The New York Times

     

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