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