Cement News tagged under: LafargeHolcim

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LafargeHolcim starts trading on SIX in Zurich and Euronext in Paris

14 July 2015, Published under Cement News

Following the successful completion of the merger between Holcim and Lafarge, LafargeHolcim today starts trading on the SIX Swiss Exchange in Zurich with the ticker symbol LHN and on Euronext in Paris, joining the Swiss Market Index (SMI) and the CAC 40 index (replacing Lafarge S.A.) respectively. The combined entity has a total market capitalisation of around CHF41bn (EUR39bn) per 13 July 2015. Trading in LafargeHolcim shares starts at 09:00 am CEST today. Representatives of LafargeHolci...

Holcim and Lafarge complete global merger

13 July 2015, Published under Cement News

Holcim Ltd and Lafarge SA on Friday completed their global merger and have launched LafargeHolcim, a world leader in the building materials industry. All conditions for the completion of the merger have been fulfilled following the successful completion of the public exchange offer and the issuance of new Holcim shares to Lafarge shareholders. Holcim’s shareholders had previously approved the merger-related resolutions at an Extraordinary General Meeting on 8 May 2015. With the completion...

India: Dalmia Bharat interest in LafargeHolcim units

28 November 2014, Published under Cement News

Delhi-based Dalmia Bharat is reported to be in talks to bid for one or more European cement assets put on sale by Holcim and Lafarge as part of its global cement merger deal. Dalmia Bharat is the second Indian company after Kumar Mangalam Birla's UltraTech to join the race for buying Holcim and Lafarge units due for disposal. Holcim and Lafarge have decided to sell around 40 cement assets across the world which could be worth over US$10bn. BNP Paribas, Credit Suisse, HSBC and Morgan Stanle...

India: LafargeHolcim merger could harm competition

25 November 2014, Published under Cement News

The merger between Holcim (Switzerland) and Lafarge (France) is likely to hurt competition in the country, says the Indian Competition Commission (CCI), according to reports in the Indian media. The CCI stated that it ''formed a prima facie opinion that the combination is likely to have an appreciable adverse effect on competition.'' The regulator has now directed both companies to publish details of the merger to the knowledge of the public and rival companies that may be affected or...

Holcim and Lafarge announce proposed asset disposals

07 July 2014, Published under Cement News

Two months after the announcement of their planned merger, Lafarge and Holcim have revealed the list of proposed divestments. In Europe the merged entity aims to have “a significant and balanced industrial base in Europe – around 20 per cent of its revenues – within its overall global footprint, enabling it to take advantage of the European economic recovery,” according to a joint statement. LafargeHolcim plans to sell Lafarge’s Mannersdorf works in Austria as well as the Lafarge Tarmac a...

Pakistan: Kohat Cement Co interested in 76% Lafarge Pakistan stake

05 May 2014, Published under Cement News

Pakistan's Kohat Cement Company announced that it will participate in the bidding process for the acquisition of 1.1bn ordinary shares of PKR10 each of Lafarge Pakistan, representing 75.86 per cent of the total issued and paid-up share capital of Lafarge Pakistan, according to local news service The News. Vision Holdings Middle East, which holds a 47 per cent stake in Pioneer Cement, and DG Khan Cement have also expressed interest in acquiring the stake from Lafarge subsidiary Sofima SA. ...

Turkish majors eye LafargeHolcim divestment opportunities

18 April 2014, Published under Cement News

Turkish cement producer are keen on acquisition opportunities that may arise from the Lafarge and Holcim merger, according to reports by Reuters. Oyak, the largest cement producer in Turkey, said it had started talks with international investment banks for possible acquisitions, and had US$3bn in cash allocated for opportunities arising from the merger. Meanwhile, Limak Holding's cement group chief executive, Gultekin Aksuyek, said it had already started working on a budget allocation for ...