Lafarge rejects merger proposals from Saint-Gobain
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.
