Cement giants Lafarge and Holcim confirm merger talks

|By:, SA News Editor

France-based Lafarge (LFRGY) and Switzerland's Holcim (HCMLY), the two largest cement companies in the world, have confirmed a report that they are in advanced talks about a "merger of equals."

A deal would create a company with a market cap of over $50B and one that generated €42.8B in combined revenue last year. It would allow the firms to cut capacity amid over-supply, falling demand and high energy prices

However, a transaction would probably take years to complete, as it would face massive antitrust obstacles and raise political concerns across the world.