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.
Monday, Apr 72:57 AM
Monday, Apr 72:57 AM| 1 Comment
- Holcim (HCMLY) and Lafarge (LFRGY), the world's two biggest cement makers, have agreed to an all-share merger of equals that will create a company with over $40B in annual sales and a market cap of $50B.
- To assuage antitrust concerns, the companies plan to sell assets worth 10-15% of their global EBITDA, which stands at €6.5B combined.
- Lafarge CEO Bruno Lafont will lead the new firm - to be called LafargeHolcim, and Holcim's Wolfgang Reitzle will become Chairman.
- The companies expect the transaction to lead to synergies of over €1.4B ($1.9B) and to close in H1 2015. (PR)
Sunday, Apr 61:01 AM
Sunday, Apr 61:01 AM| 3 Comments
- 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.
Friday, Apr 410:40 AM
Friday, Apr 410:40 AM| Comment!
- 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%.
Monday, Jun 242013, 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. |Monday, Jun 242013, 8:07 AM| Comment!
Wednesday, Oct 122011, 6:34 PMMartin Marietta Materials (MLM) says it will acquire quarry sites, plants and a road paving business in Colorado from Lafarge (LFRGY.PK). In exchange, Lafarge will receive properties and distribution yards operated by Martin Marietta Materials along the Mississippi River plus an undisclosed cash payment. MLM +0.4% AH. |Wednesday, Oct 122011, 6:34 PM| Comment!
Thursday, Mar 172011, 3:33 PM
Friday, Feb 42011, 4:09 PM