A PYMNTS Company

Multinational: Cement rivals eye assets ahead of Holcim/Lafarge merger

By  |  April 16, 2014

Rivals of top cement companies Holcim and Lafarge are already eyeing their assets expected to be divested as the companies merge, say reports.

    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.

    Companies in Turkey are reportedly set on purchasing some assets, including army pension dfund Oyak, which said it has $3 billion in cash it would use for such acquisitions.

    Oyak owns five cement companies in the company, say reports.

    Also in Turkey, Limak Holding is pursuing the top position in the nation’s cement market through possible acquisitions following the merger.

    The reported plans follow the acquisition of Lafarge and Holcim’s French Guiana assets, acquired by Colombia’s top cement company Argos in a $69 million deal.

    Lafarge and Holcim announced plans to merge and create the world’s largest cement company that will operate in 90 countries. The two struck a deal for $44 billion.

    Full Content: Reuters

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