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LaFarge Coppee S.A. ADR (LFRGY)

- OTCPK - Current
  • Apr. 4, 2014, 10:40 AM
    • Holcim (HCMLF +2.4%) and Lafarge (LFRGY +6.7%), the world’s two largest cement makers, are exploring a potential merger of equals that would create a company with a combined market value of more than $50B, Bloomberg reports.
    • Holcim and Lafarge combining would allow the companies to cut production costs by melding production capabilities and cutting excess capacity, but  a merger could face heavy antitrust issues from multiple governments.
    • Peers are rising on the news: CX +4.2%, VMC +2.1%, MLM +3.4%, CRH +2.8%, GVA +0.3%.
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Company Description
Lafarge is a holding company. Through its subsidiaries, Co. is engaged in the manufacturing of construction materials. Co. operates through four business divisions: The Cement division; The Aggregates & Concrete Division; The Roofing division; and The Gypsum division.