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Cement giants Lafarge and Holcim confirm merger talks

  • 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.
Comments (2)
  • TAS
    , contributor
    Comments (1983) | Send Message
     
    Rock solid merger.
    6 Apr, 08:38 PM Reply Like
  • tserva
    , contributor
    Comments (3) | Send Message
     
    Well, I'm learning that it starts with the fact that both of these companies are making efforts to produce the cement with a smaller CO2 footprint than ever before.
    La Farge is at work in BC with MVTG http://bit.ly/1qdwYcn on a pilot program to demonstrate that MVTG's ERC process can convert the GHG from the plant's output and turn it into Formic Acid. A valuable commodity.
    http://bit.ly/1qdwVx3

     

    Holcim has stated it's commitment to be the 'greenest' company of it's peers. http://bit.ly/1qdwYcp.
    It sounds like a great thing.
    6 Apr, 09:09 PM Reply Like
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