Lafarge Holcim merger gets the green light in India
Tuesday, April 14, 2015 - 11:59
Companies receive clearance from the Indian competition authorities on proposed 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 and one grinding station in eastern India.
The proposed assets for disposal, which have a total annual cement capacity of approximately 5 million tonnes, comprise Lafarge’s Sonadih cement plant and Jojobera grinding station.
India represents an important market for the future LafargeHolcim Group, which will have a cement capacity of around 68 million tonnes in the country.
The divestment process, which will be carried out within the framework of the relevant social processes and ongoing dialogue with employee representatives’ bodies, will be completed subject to the closing of the merger between Lafarge and Holcim, which is expected in July 2015.