Lafarge, Holcim moving closer to massive merger

Lafarge and Holcim took additional steps toward their planned merger, LafargeHolcim. A divestment committee the companies set up drew up a list of proposed asset disposals in anticipation of potential competition authorities’ requirements.

The two companies propose to divest a number of assets – including Holcim’s assets in Canada. Assets in Austria, France, Germany, Hungary, Romania, Serbia and the United Kingdom are on the companies’ list. Assets in Brazil, Mauritius and the Philippines are on the list, as well.

According to a press release, the companies expect to close the planned merger in 2015. They plan to operate in 90 countries around the world.