PM approves merger of Moroccan Lafarge and Holcim

The Prime Minister of Morocco has approved the merger of the Moroccan subsidiaries of cement companies Lafarge and Holcim on condition that there be no job cuts and that the merger be in the interest of both management and employees. The new entity, which aims to become world leader in the cement market, should have 60% of the Moroccan market share, placing it first ahead of Ciments du Maroc (subsidiary of Italian group Italcementi).
October 22, 2014 Read time: 1 min

The Prime Minister of Morocco has approved the merger of the Moroccan subsidiaries of cement companies 725 Lafarge and 680 Holcim on condition that there be no job cuts and that the merger be in the interest of both management and employees.

The new entity, which aims to become world leader in the cement market, should have 60% of the Moroccan market share, placing it first ahead of Ciments du Maroc (subsidiary of Italian group 726 Italcementi).

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France/Switzerland: Interview with Lafarge-Holcim executives

In an interview with French publication Le Figaro, Bruno Lafont and Wolfgang Reitzle, respectively the future managing director and president of the entity formed by the merger between French construction materials group Lafarge and Swiss cement group Holcim, have said that the project is on track to be completed during the first half of 2015.
Lafont added that the group is still awaiting approval from competition authorities in other countries, including India, the US and Canada.
In the Le Figaro intervi

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