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Switzerland/France: Mega cement merger aim to get a step ahead of regulators

 |  April 8, 2014

The same week the world’s top cement makers announced plans to merge, reports say the companies are already offering divestitures to ensure antitrust clearance.

Switzerland-based Holcim and France-based Lafarge are set to combine in a $44 billion deal, but will face regulatory scrutiny for the transaction in 15 jurisdictions, say reports. Before those merger reviews even begin, however, the companies are reportedly planning to sell about $6.9 billion worth of assets.

While the majority of operations exist for the companies in western Europe, the companies will also likely face scrutiny throughout Asia, Canada and Brazil.

The new company, to be named LafargeHolcim, would result from the industry’s largest-ever merger and will be based in Switzerland, according to the firms.

Full Content: The Globe and Mail

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