St. Lawrence Cement Holders sell out shares to Holcim

St. Lawrence Cement Holders sell out shares to Holcim
Published: 01 August 2007

Holcim said it owns nearly all of Canada-based  St Lawrence Cement Group Inc. after buying out minority shareholders. 

Holcim sweetened its offer to C$43.50 (US$40.72) a share from the original C$36.50 a share. The deal will cost it about C$681m (US$637m). Buying out minority holdings is standard procedure for cement-industry giants like Holcim and France’s  Lafarge SA, which typically build up positions through relatively small investments and increase their holdings over time.