Skip to main content

LafargeHolcim merger approved in India

Published by
World Cement,


The Competition Commission of India has approved the merger of cement giants Lafarge and Holcim on the basis that Lafarge will divest one cement plant and one grinding station in Eastern India. The total production capacity of the two units is 5 million tpy, leaving LafargeHolcim with 68 million t of cement production capacity in India once the merger is finalised.

The divestment process will be carried out in the framework of the relevant social processes and ongoing dialogue with the employee representatives’ bodies. The divestment process will be completed subject to the closing of the merger between Lafarge and Holcim.

The closing of the planned merger is expected in July 2015.


Adapted from press release by

Read the article online at: https://www.worldcement.com/asia-pacific-rim/01042015/lafargeholcim-merger-approved-in-india-629/

You might also like

 

 WCT2021

WCT2021

At WCT2021 you will hear from a range of industry leaders and technical experts as they discuss the key challenges facing the cement industry and the latest solutions on offer. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):