Lafarge rejects merger proposals from Saint-Gobain

Lafarge rejects merger proposals from Saint-Gobain
08 November 2007


Lafarge has rejected proposals for a merger with fellow building materials group  Saint-Gobain, French daily Le Figaro reported. 
 
Citing unnamed sources, the paper said Saint-Gobain and  Lafarge recently held talks over a possible tie-up, and notably discussed the governance of the new entity. 
 
But the merger scenario was rejected by Lafarge CEO Bruno Lafont, who said the project lacked industrial logic, the paper said.  
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