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Holcim/Lafarge May Face Lengthy Antitrust Scrutiny, CM-CIC Says 2014-04-04 15:13:18.355 GMT
By Gaurav Panchal April 4 (Bloomberg) -- A merger of Holcim, Lafarge would be difficult to achieve due to overlaps/antitrust issues; disposals would erase a good part of the benefits, CM-CIC Special Situations desk says following a Bloomberg News report. * Likely to get lengthy antitrust scrutiny in various jurisdictions: CM-CIC * Combined entity would have very high market share, in France would be over 50%, in U.K. Lafarge already has 50%, will have dominant position in eastern U.S., 25% combined in Brazil: CM-CIC * NOTES: * March 31: Cemex, Holcim offer remedies in EU review of Spanish deal * Jan. 14: Lafarge Tarmac reviews options after U.K. order to sell plant * A combined Holcim-Lafarge would be market leader globally in Aggregates, Cement, Ready-mixed concrete sales vol. 2012, according to a HeidelbergCement presentation in Sept. 2013
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To contact the reporter on this story: Gaurav Panchal in London at +44-20-7392-0511 or gpanchal2@bloomberg.net Brian Lysaght