Lafarge-Holcim merger set to gain EU approval?

Reuters is reporting that the mega merger between Lafarge and Holcim is set to gain EU approval, citing two unnamed sources with direct knowledge of the matter. The newswire reports that additional divestments may be required ‘to ease competition concerns’, even given the proposed asset sales in France, Germany, Hungary, Romania, Serbia, Slovakia and the UK. Regulators in Russia, South Africa and Turkey have already approved the deal.

The European Competition Commission has not commented on these reports, but is due to make a decision by 15 December. The merger will still need the clearance of competition authorities in other countries, including India, where local media is speculating over whether the CCI will require the companies to make any divestments in order to approve the merger.

Edited from various sources by Katherine Guenioui

Sources:

• Reuters
• Interactive Investor

Read the article online at: https://www.worldcement.com/the-americas/04122014/lafarge-holcim-merger-set-to-gain-eu-approval-950/