Skip to main content

Planned asset divestments announced by cement giants Lafarge and Holcim

World Cement,


Lafarge and Holcim have taken a further step towards their planned merger of equals to create LafargeHolcim. A Divestment Committee was set up by both companies, following the announcement of the planned merger on 7 April, with the aim of taking forward the divestment process. It has drawn up a list of proposed asset disposals, to anticipate potential competition authorities’ requirements.

Today’s announcement represents a major part of the total assets that the two companies aim to divest. The two companies are proposing the following disposals:

Europe

  • Austria: Lafarge’s Mannersdorf cement plant.
  • France: Holcim’s assets in metropolitan France, except for its Altkirch cement plant and aggregates and ready-mix sites in the Haut-Rhin market; Lafarge’s assets on Reunion island, except for its shareholding in Ciments de Bourbon.
  • Germany: Lafarge’s assets.
  • Hungary: Holcim’s operating assets.
  • Romania: Lafarge’s assets.
  • Serbia: Holcim’s assets.
  • UK: Lafarge Tarmac assets with the possible exception of one cement plant.

The future LafargeHolcim group will have a significant and balanced industrial base in Europe – around 20% of its revenues – within its overall global footprint, enabling it to take advantage of the European economic recovery.

Other countries

  • Canada: Holcim’s assets.
  • Mauritius: Holcim’s assets.
  • The Philippines: the associated companies of Lafarge and Holcim (Lafarge Republic Inc. – LRI and Holcim Philippines Inc.) are exploring the combination of their businesses other than LRI’s Bulacan, Norzagaray and Iligan plants, which are considered to be divested as part of the combination.
  • Brazil: Holcim and Lafarge will soon file with the Brazilian regulator, CADE, and propose a comprehensive and high quality package of divestments.

Both companies will continue to consider whether divestments would be necessary where there might be overlaps or depending on regulatory requirements. These proposed divestments are subject to review and further discussions with the regulatory authorities and to the agreement of Holcim and Lafarge’s business partners when relevant.


Lafarge/Holcim press release, adapted to house style by

Read the article online at: https://www.worldcement.com/europe-cis/07072014/lafarge_and_holcim_announce_divestment_plans_for_merger_37/


 

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