Holcim (HCMLY) / Lafarge (LFRGY) receive clearance from Indian competition authorities on their proposed merger; closing of the planned merger is expected in July 2015
A package of asset divestments has been agreed with the CCI which includes 1 cement plant and 1 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 ready-mix concrete. The combined Group will have a cement capacity of around 68 million tonnes in India.