Oldcastle parent prevails in $7 billion Lafarge, Holcim asset pursuit
- Published: Thursday, 26 February 2015 12:47
- Written by Concrete News
In an early-February U.S. Securities and Exchange Commission filing, CRH Plc confirmed a binding commitment to acquire certain assets Switzerland’s Holcim Ltd. and Paris-based Lafarge SA had bundled for sale, thereby advancing a merger the producers hope to consummate by mid-year. The commitment centers on a transaction with an enterprise value of about $7.4 billion, and encompasses Holcim Canada Inc. plus a host of overseas cement, concrete and aggregate businesses.