Germany-based Holcim and France-based Lafarge have reportedly begun discussions with the European Commission regarding their proposed merger to create a $50 billion cement conglomerate, Holcim confirmed.
The companies confirmed that they are now in discussions with EU authorities on how to overcome antitrust concerns related to the deal.
Reports say the companies will need to pass regulatory scrutiny in 15 jurisdictions around the globe; the firms have filed merger notices in about two-thirds of those markets, which will closely eye how the merged company will prevent abusing its dominance achieved from the transaction.
The companies said they expect to close the deal by the first half of next year.
Full content: Wall Street Journal
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