Eurocement Holding AG has issued a statement on its website publicly backing the Lafarge Holcim merger. The statement reads:
‘As a large Holcim shareholder Eurocement Holding AG realizes deeply the situation in the construction materials industry as well as Holcim’s position in the global market.
Having analyzed all advantages and disadvantages of a possible creation of the biggest global construction materials player we think that the prospective of the development of the combined company is very positive, so we will support the merger.
In case of the merger we intend to keep on taking an active participation in the work of LafargeHolcim too, for the interests of the combined company and all its shareholders. We consider our participation to make a positive contribution to the development of the combined company.’
This statement of support from Holcim’s second biggest shareholder takes some of the guesswork out of predicting the outcome of Friday’s vote at Holcim’s EGM, which will determine whether or not the merger goes ahead.
Adapted from press release by Katherine Guenioui
Read the article online at: https://www.worldcement.com/europe-cis/05052015/eurocement-backs-lafarge-holcim-merger-787/