Lafarge & Holcim propose Brazilian divestments

Lafarge & Holcim propose Brazilian divestments
05 August 2014

Lafarge and Holcim have published a list of proposed asset disposals to Brazilian Competition authority CADE, as part of efforts to help win regulatory approval for their planned merger.

The joint Divestment Committee has agreed to propose a package of assets from both Holcim and Lafarge which include three integrated cement plants and two grinding units (with a total cement capacity of 3.6Mta) as well as one ready-mix plant, all located in the southeastern region of Brazil.

The proposed assets for disposal include:
• Lafarge’s Matozinhos cement plant
• Lafarge’s Arcos Jazida cement plant
• Holcim’s Cantagalo cement plant
• Lafarge’s Arcos Cidade cement grinding station
• Lafarge’s Santa Luzia cement grinding station
• Holcim’s Pouso Alegre ready-mix plant.

“These proposed divestments have been presented to CADE in the context of pre-filing negotiations and will now be subject tor eview and further decision until a final decision is reached with the authority,” a joint statement said.

Published under Cement News