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US: Cement makers Holcim and Lafarge win US antitrust approval to merge

By  |  May 4, 2015

Holcim a Swiss company, and Lafarge which is based in Paris won U.S. antitrust approval to merge after they agreed to divest assets, the Federal Trade Commission on Monday.

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    The companies agreed to divest plants, terminals and a quarry to gain approval of their US$25 billion deal, the FTC said.

    The companies won approval for the deal from European Union antitrust enforcers in December.

    In the United States, the two companies agreed that Lafarge would sell a cement plant and quarry in Iowa as well as terminals and distribution centers in Minnesota, Wisconsin, Tennessee and Louisiana.

    The two companies – the biggest cement makers in the world – announced the megadeal in April 2014, saying it was the biggest ever merger of equals.

     

    Full content: Bloomberg

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