Mon, Jul. 11, 8:55 AM
- LafargeHolcim (OTCPK:HCMLY) has agreed to sell its interest in Lafarge India to local conglomerate Nirma Ltd. for an enterprise value of $1.4B.
- "This agreement is an important step in our 3.5B Swiss franc divestment program," CEO Eric Olsen declared. "With this deal, two-thirds of the program has been secured and the remainder of the program is well on track."
Thu, May 12, 8:48 AM
Thu, Mar. 17, 6:47 AM
Thu, Mar. 17, 4:55 AM
- Cement giant LafargeHolcim (OTCPK:HCMLY) posted a surprise loss of 2.86B Swiss francs ($2.9B) on the back of impairment charges, but maintained its dividend and said its on track to hit 2018 targets.
- Lufthansa (OTCQX:DLAKY) reported a sharp rise in full-year earnings aided by lower fuel costs, while signaling the pace of improving financial results would slow in 2016.
- U.K. Construction group Kier (OTC:KIERY) hiked its interim dividend by 12%, after posting a big rise in underlying operating profit.
Nov. 25, 2015, 7:50 AM
- LafargeHolcim (OTCPK:HCMLY) plans to raise to raise 3.5B Swiss francs ($3.5B) next year from selling off cement assets as the recently merged group adjusts to tough conditions in markets like China and India.
- The company announced the portfolio review after missing third-quarter sales and earnings expectations as the stronger Swiss franc and lower prices weighed on its results.
Aug. 17, 2015, 8:28 AM
Jul. 17, 2015, 8:13 AM
- LafargeHolcim (OTCPK:HCMLF) has paid £992M to buy out a 50% stake in Lafarge Tarmac held by Anglo American (OTCPK:AAUKF, OTCPK:AAUKY) so it can sell the U.K. building materials company to CRH to meet regulatory requirements.
- "This step is required to allow for the full divestment of Lafarge Tarmac...to CRH as part of the divestment of several assets in Europe, Canada, Brazil and the Philippines," the company said in a statement.
Jul. 15, 2015, 8:07 AM
- LafargeHolcim (OTCPK:HCMLF), the company formed by the recent merger between Holcim and Lafarge, has confirmed plans to deliver cost savings of €1.4B euros ($1.5B) within three years.
- "Following the successful completion of the merger...the new group will now work toward creating the highest performing company in the building materials industry," the company said in a statement.
Jul. 10, 2015, 4:59 AM
- Holcim (OTCPK:HCMLY) has confirmed that CEO Bernard Fontana will step down when the merger with France's Lafarge (OTC:LFGEF) is completed this month.
- Eric Olsen, who currently serves as Lafarge’s executive vice president of operations, has been selected to run the combined company.
- The $47B union will create a globe-spanning building materials giant with combined revenue of roughly $35B and operations in 90 countries.
May 27, 2015, 9:29 AM
- Holcim (OTCPK:HCMLY) and Lafarge (OTCPK:LFRGY) have finalized the make-up of the future 10-member executive committee of the combined LafargeHolcim.
- The two also reached a binding agreement under which Irish cement maker CRH will buy some of their assets for €6.5B ($7.1B). The deal was a regulatory condition required for the merger.
May 20, 2015, 7:04 AM
May 4, 2015, 4:58 PM
- Cement makers Holcim (OTCPK:HCMLF, OTCPK:HCMLY) and Lafarge (OTC:LFGEF, OTCPK:LFRGY) win antitrust approval to merge from the U.S. Federal Trade Commission after agreeing to divest plants, terminals and a quarry to gain approval of their $25B deal.
- As earlier revealed, Holcim will dispose of three terminals in Michigan and Illinois, as well as slag grinding stations in Illinois and New Jersey, while Lafarge will sell its Davenport cement plant in Iowa and seven terminals along the Mississippi River.
May 4, 2015, 11:01 AM
- Holcim's (OTCPK:HCMLY -0.4%) third-largest shareholder has now given its support for the company's takeover of Lafarge (OTCPK:LFRGY +0.9%), removing yet another hurdle that would create the world's largest cement company.
- Two-thirds of investors in the Swiss company need to back the merger at a Holcim shareholder meeting on May 8 for the deal to proceed.
- Previously: Holcim continues to pave road for Lafarge merger (Apr. 30 2015)
Apr. 30, 2015, 4:45 AM
- 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.
Apr. 17, 2015, 4:12 AM
- Lafarge (OTCPK:LFRGY) and Holcim (OTCPK:HCMLY) have given details regarding their asset disposals in the U.S., as part of their planned $44B merger due to close in July.
- Lafarge will sell its Davenport cement plant in Iowa and seven terminals along the Mississippi River to Summit Materials (NYSE:SUM) for $450M in cash plus Summit's Bettendorf, Iowa cement terminal.
- Holcim will dispose of three terminals in Michigan and Illinois, as well as slag grinding stations in Illinois and New Jersey.
Apr. 14, 2015, 4:50 AM
- Holcim (OTCPK:HCMLY) and Lafarge (OTCPK:LFRGY) have named the candidates for their combined company's board of directors, with each firm receiving seven seats.
- The 14 members are due to be elected at its extraordinary general meeting on May 8.
- Last week, Lafarge and Holcim chose veteran Lafarge executive Eric Olsen to be chief executive of the new $44B merged company.
Holcim's core businesses include the manufacture and distribution of cement, and the production, processing and distribution of aggregates (crushed stone, gravel and sand), ready-mix concrete and asphalt. The company also offers consulting, research, trading, engineering and other services.
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