Merger of Holcim and Lafarge Announced

Confirming rumors circulating around the cement industry for weeks, Swiss cement producer Holcim and French producer Lafarge have announced their intent to merge.

The approximately $55 billion merger would result from the purchase of Lafarge by Holcim, and would create the world’s largest cement producer, surpassing China-based CBNM.  The deal needs to surpass a number of regulatory hurdles, and may take 2 years before final approval is granted.  The new company formed from the merger would be known as LafargeHolcim, and would be based in Switzerland, with stock listings in Zurich and Paris.  Competitions regulators are expected to weigh heavily in the proceedings, and may force the sale of between 10 and 15% of the combined firms assets, with nearly 2/3rds of these sales in Europe, and other assets potentially in Brazil, Canada, India and the US.

 



Categories: Uncategorized

2 replies

Trackbacks

  1. Brazilian Cement Producers Face Divestment « Bridge Gap Engineering
  2. Reactions to Proposed Lafarge/Holcim Merger « Bridge Gap Engineering

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: