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

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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