Lafarge-Holcim merger set to gain EU approval?
Published by Katherine Guenioui,
Editor
World Cement,
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:
Read the article online at: https://www.worldcement.com/the-americas/04122014/lafarge-holcim-merger-set-to-gain-eu-approval-950/
You might also like
The World Cement Podcast
In this special joint episode of the World Cement Podcast, and Cementing Europe’s future, the podcast of CEMBUREAU, David Bizley and Koen Coppenholle take a deep dive into the Clean Industrial Deal and a discussion of what it means for the European cement industry.
Listen for free today at www.worldcement.com/podcasts or subscribe and review on your favourite podcast app.
Shaping The Future Through Shredding
Gary Moore, UNTHA Shredding Technology GmbH, highlights the global momentum behind alternative fuels and the role of advanced shredding in shaping cement’s low-carbon future.
