Holcim clears formal hurdle on Aggregate bid

Holcim said on Wednesday it had satisfied a formal condition for its planned takeover of Britain’s Aggregate Industries. 

The firm said in a statement it had fulfilled the requirements of a US antitrust act, and its offer now remained conditional on competition clearance from the European Commission. 

In January, Holcim formally made a UK£1.8bn  (US$3.4bn) bid for Aggregate.