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Switzerland: Holcim awaits merger OK in USA, Canada, India

By  |  February 23, 2015

Swiss cement maker Holcim said its merger with Lafarge was on track to complete in the first half of the year as it reported a 6 percent rise in fourth-quarter.

The merger, if approved, will create the world’s biggest cement maker with $44 billion in sales. USA, Canada and India are major merger approvals still outstanding.

A Swiss-based Lafarge spokesman said a change to the merger terms was not on the agenda.

The all-share deal still needs anti-trust clearance in five jurisdictions including India – Holcim’s biggest single market – the United States and Canada.

 

Full Content: Reuters

 

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