India: LafargeHolcim's 11 million tonne/year capacity to be sold

LafargeHolcim's entire 11 million tonne per annum annual capacity in India is being sold, it is reported. The latest development comes after the Switzerland-based cement company's deal with Birla Corporation (BCL) to sell 5.1 million tonne/year capacity in the country hit a roadblock. As announced on 4 February 2016, LafargeHolcim and BCL were no longer in talks for the sale of the Sonadih and Jojobera cement plants in eastern India. Lafarge India’s decision to cancel the deal, however, has not be

Quarry Products / February 5, 2016

8161 LafargeHolcim's entire 11 million tonne per annum annual capacity in India is being sold, it is reported.

The latest development comes after the Switzerland-based cement company's deal with Birla Corporation (BCL) to sell 5.1 million tonne/year capacity in the country hit a roadblock.

As announced on 4 February 2016, LafargeHolcim and BCL were no longer in talks for the sale of the Sonadih and Jojobera cement plants in eastern India.

725 Lafarge India’s decision to cancel the deal, however, has not been accepted by BCL.

The company is now taking legal measures in consultation with lawyers.

The merger of 4380 Ambuja Cements and 4577 ACC, which are 680 Holcim's units, and Lafarge India, would allow it to become the dominant player in east India.

Lafarge had been directed by the Competition Commission of India to sell its units there. Following that, Lafarge and BCL sealed an agreement for the sale of the Sonadih and Jojobera plants.

For more information on companies in this article