SA Transcripts • Sun, Nov. 9
SA News • Tue, Oct. 28
Tue, Oct. 28, 4:58 AM
- Holcim (OTCPK:HCMLY) and Lafarge (OTCPK:LFRGY) have formally notified the European Commission of their merger plan, which will create the world's largest cement group with $44B in annual sales.
- The deal is sure to result in multi-billion dollar disposals to secure regulatory approval.
- The two are in ongoing talks with buyers of assets they are planning to sell, and plan to close the deal during the first half of 2015.
Wed, May. 21, 7:59 AM
- 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.
Mon, Apr. 21, 11:59 AM
- Once Holcim (HCMLF, HCMLY) and Lafarge (LFGEF, LFRGY) start shedding assets across the world to complete their $40B merger and satisfy antitrust regulators, cement producers from Europe to the U.S. are likely to start lining up with offers.
- Bloomberg says likely bidders for North American cement plants may include Europe’s HeidelbergCement (HDELY) and Titan Cement (TITCF), as well as Mexico’s Cemex (CX) and Ireland's CRH; for businesses in cement aggregates - crushed rock, gravel and sand - potential buyers are Vulcan Materials (VMC) and Martin Marietta Materials (MLM), as well as P-E firms.
- These are prime assets that don’t come up for sale often, so almost everyone in the industry will take a look, a Cantor Fitzgerald analyst says.
Sun, Apr. 6, 1:01 AM
- France-based Lafarge (LFRGY) and Switzerland's Holcim (HCMLY), the two largest cement companies in the world, have confirmed a report that they are in advanced talks about a "merger of equals."
- A deal would create a company with a market cap of over $50B and one that generated €42.8B in combined revenue last year. It would allow the firms to cut capacity amid over-supply, falling demand and high energy prices
- However, a transaction would probably take years to complete, as it would face massive antitrust obstacles and raise political concerns across the world.
Jun. 24, 2013, 8:07 AMFrance-based Lafarge (LFGEF.PK), the world's biggest provider of cement, is reportedly close to selling its North American gypsum operations to P-E firm Lone Star in a deal worth about $700M. Other funds were also interested in the unit, which produces plasterboard and generates EBITDA of around $75M. | Comment!
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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.
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