Private equity firms targeting assets of Lafarge, Holcim following merger announcement - financial press
- Following merger plans announced last week, Lafarge and Holcim are planning to sale assets of quarries, cement facilities valued at around £4.1B to address competition concerns.
- Approx two thirds of assets being sold are in Europe; assets also located in India, China, Canada and Brazil.
- Spinning off assets as listed businesses may also be a possibility.
- Interest is likely to come from Cemex, Dangote, Votorantim, Argos, Semen Indonesia, Heidelberg Cement and CRH.
**Note: Apr 6 HOLN.CH: Follow up: Holcim, Lafarge said to have agreed to the terms of a merger; estimated value of new business at $55B - financial press
- Separately: The deal is expected to meet strict antitrust investigations; regulators in various countries may request significant assets sales, with British regulators possibly blocking the deal - FT
- Official announcement regarding merger, as well as certain assets sales expected later today