Investors like advanced talks of possible Holcim, Lafarge merger
- Published: Friday, 04 April 2014 16:20
- Written by Concrete News
Sources: Holcim Ltd., Zurich; Lafarge Group, Paris; CP staff
Two of top five global players in concrete, cement and aggregates confirm discussions surrounding a potential “merger of equals which builds on the strengths and identities of the two companies,” but stipulate that no deal has been reached nor can assurance be given that discussions will lead to definitive agreement.
“Holcim and Lafarge believe that, given the strong complementarity of their portfolio and the cultural proximity between the two companies, there is rationale in considering a potential merger that could deliver significant benefits to customers, employees and shareholders,” a joint April 4 statement noted.
Holcim and Lafarge shares closed the day up 6.86 percent and 8.9 percent, respectively.