Indian Commission seeks publication of Lafarge-Holcim merger details

The Lafarge-Holcim merger will likely affect competition in India, according to the Competition Commission of India (CCI), which has asked both cement companies to publish details of the consolidation in four major local newspapers and on their respective websites. Within 15 days of publishing the details, the CCI is to seek objections or comments from the public. Approval from authorities across the world is necessary for the all-share merger of Lafarge of France and Holcim of Switzerland.
November 26, 2014 Read time: 1 min

The 725 Lafarge-680 Holcim merger will likely affect competition in India, according to the Competition Commission of India (CCI), which has asked both cement companies to publish details of the consolidation in four major local newspapers and on their respective websites.

Within 15 days of publishing the details, the CCI is to seek objections or comments from the public.

Approval from authorities across the world is necessary for the all-share merger of Lafarge of France and Holcim of Switzerland.

The deal, which will result in the largest cement manufacturing company in the world, has received approval from seven nations.

Quarry Products

For more information on companies in this article

Related Content

July 14, 2014

Holcim: ‘No takeover of Bamburi Cement’ post Lafarge merger

Holcim says it has no plans to make a takeover offer for Bamburi Cement in Kenya if competition regulators allow its planned near €30 billion merger with Lafarge.

The Switzerland-based cement manufacturing giant and France-based Lafarge are seeking antitrust backing for their merger. Once the transaction is finished, Holcim will have indirect control of Bamburi, which is 58.6% owned by two of Lafarge’s units - Fincem Holding and Kencem, the company said in a statement reported in the Nairobi-based Daily

April 2, 2015

Indian competition authorities clear Holcim/Lafarge planned merger

Lafarge and Holcim have received clearance from the Competition Commission of India (CCI) for their proposed merger.
A package of asset divestments has been agreed with the CCI which includes one cement plant (Sonadih cement plant) and one grinding station (Jojobera grinding station) from Lafarge (with a total of approximately 5 million tonnes annual cement capacity) in Eastern India.
India is an important market for the future LafargeHolcim Group with a balanced portfolio in cement, aggregates, and read

boombox1

Highlighted Content

boombox2