CVC in talks over Holcim Lafarge assets

CVC in talks over Holcim Lafarge assets
13 August 2014

Private equity firm CVC is in talks with Singapore's Government Investment Corporation over possible joint bids for Holcim and Lafarge assets ahead of their planned merger, Sky News reported on Tuesday.

The companies have reportedly received over 100 expressions of interest for assets they must dispose of to facilitate rapid progress of the merger, which has a deadline for completion by 1H15. A disposal committee has identified shared assets, including 23 plants in eight countries amounting to a total of 27.5Mta, that will be sold to allow the merger to go ahead.

Competition regulators in around 15 countries are expected to look at the deal.

Published under Cement News