STC eyes Holcim Mauritius acquisition

In the latest step towards to completing the LafargeHolcim merger, Holcim Mauritius could become a public-private partnership (PPP) while the State Trading Corporation (STC) could re-enter the island's cement market at the same time.

STC would be willing to buy the 51 per cent stake in Holcim Mauritius put up for sale, according to Defimedia.The balance of shares is owned by Gamma-Civic.

The presence of STC in the market would offer a greater price control as it will control the entire supply chain from import to distribution.