Switzerland/France: Lafarge, Holcim could dump $7B in assets

As cement giants Lafarge and Holcim pursue their merger with a plan that would create the world’s largest cement company, reports say the companies could divest billions of dollars worth of assets to secure antitrust approval for their tie-up.

Switzerland-based Holcim and France-based Lafarge have reportedly hired financial advisors to facilitate the sale of up to $7 billion in assets, sources said. The sales would aim to quell any competition concerns raised by antitrust authorities reviewing the real, first announced last April.

The majority of the sales are expected to involve Europe, where the companies share overlapping jurisdictions that could raise competition issues following the merger.

The companies say they plan to finalize their merger in the first half of next year.

Full content: Swiss Info

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