A PYMNTS Company

Switzerland: Feds probe Holcim, Lafarge merger-linked insider trading

 |  April 28, 2014

Switzerland’s federal prosecutor’s office is reportedly investigating possible evidence of insider trading related to the announcement of the planned merger between cement giants Holcim and Lafarge.

According to reports, Switzerland-based Holcim and France-based Lafarge are now the subject of an investigation on claims individuals at the companies may have used their positions to trade shares on the exchange ahead of the announcement of the deal.

The companies first announced plans to combine on April 7.

The merger is also the subject of an investigation by Switzerland competition watchdog Comco, as well as the nation’s stock exchange authority.

The companies reportedly declined to comment on the matter.

Full content: The Local

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