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Billionaires Gain as Lafarge, Holcim Enter Merger Talks 2014-04-04 16:59:24.356 GMT
By Gaurav Panchal April 4 (Bloomberg) -- At least four billionaires own shares in Holcim or Lafarge, including Egypt’s richest person Nassef Sawiris, Belgium’s Albert Frere, Switzerland’s Thomas Schmidheiny and Georgia-born Filaret Galchev, according to Bloomberg data. * Note: Holcim and Lafarge are in advanced merger talks to create world’s biggest cement company with sales of $40b * Holcim: * Schmidheiny owns 20.11% * Eurocement, controlled by Galchev, has 10.82% * Lafarge: * Groupe Bruxelles Lambert owns 20.99% * GBL is 50% owned by Pargesa Holding, jointly controlled by Frere and Paul Desmarais Jr * NNS Holding, controlled by Sawiris, has 13.94%; it also owns 23.17% of Texas Industries * Sawiris also owns almost one-third of Amsterdam- based construction contractor OCI * Sawiris also owns almost one-third of Amsterdam- based construction contractor OCI</li></ul></li></ul> * Holdings from data compiled by Bloomberg
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To contact the reporter on this story: Gaurav Panchal in London at +44-20-7392-0511 or gpanchal2@bloomberg.net To contact the editors responsible for this story: Andrew Rummer at +44-20-7073-3722 or arummer@bloomberg.net