Cement giants Holcim and Lafarge are said by the London Financial Times to be in talks to renegotiate the terms of their multi-billion euro merger after a divergence in the value of the two companies over the past year. Citing people familiar with the matter, the paper says the two sides are holding discussions that might result in changes to the terms of the one-for-one share deal announced in April 2014. Swiss firm Holcim recently announced healthy profit growth in its Q4 2014 results, contrasting markedl
March 12, 2015
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RSSCement giants 680 Holcim and 725 Lafarge are said by the London Financial Times to be in talks to renegotiate the terms of their multi-billion euro merger after a divergence in the value of the two companies over the past year.
Citing people familiar with the matter, the paper says the two sides are holding discussions that might result in changes to the terms of the one-for-one share deal announced in April 2014. Swiss firm Holcim recently announced healthy profit growth in its Q4 2014 results, contrasting markedly with the same period performance of its soon to be French business partner.
A company spokesman Peter Stopfer told 6393 Reuters news agency: "The state of affairs currently remains unchanged. Both companies continue to work on different workstreams to conclude the planned merger."
Lafarge is said to have declined to comment on the reported renegotiation of merger deal terms.
