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Holcim and Lafarge agree to blockbuster merger

  • Holcim (HCMLY) and Lafarge (LFRGY), the world's two biggest cement makers, have agreed to an all-share merger of equals that will create a company with over $40B in annual sales and a market cap of $50B.
  • To assuage antitrust concerns, the companies plan to sell assets worth 10-15% of their global EBITDA, which stands at €6.5B combined.
  • Lafarge CEO Bruno Lafont will lead the new firm - to be called LafargeHolcim, and Holcim's Wolfgang Reitzle will become Chairman.
  • The companies expect the transaction to lead to synergies of over €1.4B ($1.9B) and to close in H1 2015. (PR)
Comments (1)
  • 11146471
    , contributor
    Comments (1322) | Send Message
     
    It would be interesting to see the buyers of the business units they are obliged to sell!

     

    Will they be in EM or in developed markets?
    7 Apr 2014, 09:36 AM Reply Like
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