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FT: Holcim gets support from major shareholder for Lafarge deal

  • Holcim's (HCMLF, HCMLY) second-biggest shareholder, Filaret Galchev, has agreed to support the Swiss cement company's $40B merger with France's Lafarge (LFGEF, LFRGY) if he can bid for assets that the combined company plans to divest in order to win regulatory approval for the deal, the FT reports.
  • Galchev holds 11% in Holcim via his control of Eurocement, Russia's largest cement maker by sales.
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