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Holcim continues to pave road for Lafarge merger

Apr. 30, 2015 4:45 AM ETHolcim AG (HCMLY) StockLFRGY, HCMLF, HCMLY, LFGEFBy: Yoel Minkoff, SA News Editor
  • Holcim's (OTCPK:HCMLY) second-largest shareholder has given its support for the company's takeover of Lafarge (OTCPK:LFRGY), removing one of the last obstacles for a $44B merger which would create the world's largest cement company.
  • The backing is another boost for Holcim as it seeks to win over two-thirds of investors at a shareholder meeting on May 8, in order to approve a fundraising to pay for the merger.

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