Lafarge and Holcim announce Brazilian divestments
By Chris Sleight05 August 2014
Holcim and Lafarge have announced their Brazilian divestment plan, which is designed to help win regulatory approval for the two companies’ proposed merger. The announcement follows a July statement on divestments in the rest of the world.
The proposal being made to Conselho Administrativo de Defesa Econômica (CADE), the Brazilian competition regulator, is for the sale of three integrated cement plants and two grinding stations with a total capacity of 3.6 million tonnes of cement per year, along with one ready-mixed cocnrete plant all located in Southeastern Brazil.
A statement from the two companies said, “Brazil is an important market for the future LafargeHolcim Group and the company will remain committed to the country serving customers from a balanced network in cement, aggregates, and ready-mix concrete.”
These proposed divestments have been put to CADE as part of pre-merger negotiations and will now be subject to review and further discussion until a final decision is reached with the authority.