Holcim-lafarge Merger

LafargeHolcim Ltd is reviewing its divestment plan in India after talks with Birla Corporation Limited (BCL) for the sale of the Jojobera and Sonadih cement plants in Eastern India fell through, it said on Thursday.

Germany's HeidelbergCement sees no negative effects on its business from the merger between rivals Holcim and Lafarge, chief executive Bernd Scheifele said.

Aditya Birla Group chairman Kumar Manglam Birla has said the merger of Lafarge SA and Holcim Ltd will not be a threat for UltraTech Cement, a part of the group and the country's largest cement maker.

Swiss cement maker Holcim reported a jump in first-quarter net profit on Thursday, helped by asset sales, while its French merger partner Lafarge posted a better than expected rise in operating profit.

The Competition Commission of India (CCI) has given its green signal for the Holcim-Lafarge merger deal that would create the world's largest cement group, while directing Lafarge to sell its two plants in India to address anti-competition concerns.

The $40-billion mega merger between Holcim and Lafarge to create the world's largest cement group has hit a roadblock with Swiss giant Holcim rejecting the deal in the current form, including on 'governance issues'.

Cement major ACC on Wednesday said its brand name will remain intact after its Swiss parent Holcim merges with the French major Lafarge.

The merger of ACC, Ambuja and Lafarge in India would result in India's largest cement company, with a capacity of nearly 69 MT and a market share of nearly 20 per cent, Barclays says. The merged entity will pip the current leader UltraTech, which has a capacity of nearly 58 MT and market share of nearly 17 per cent as of end-2013, the brokerage add...

LafargeHolcim Ltd is reviewing its divestment plan in India after talks with Birla Corporation Limited (BCL) for the sale of the Jojobera and Sonadih cement plants in Eastern India fell through, it said on Thursday.

Germany's HeidelbergCement sees no negative effects on its business from the merger between rivals Holcim and Lafarge, chief executive Bernd Scheifele said.

Aditya Birla Group chairman Kumar Manglam Birla has said the merger of Lafarge SA and Holcim Ltd will not be a threat for UltraTech Cement, a part of the group and the country's largest cement maker.

Swiss cement maker Holcim reported a jump in first-quarter net profit on Thursday, helped by asset sales, while its French merger partner Lafarge posted a better than expected rise in operating profit.

The Competition Commission of India (CCI) has given its green signal for the Holcim-Lafarge merger deal that would create the world's largest cement group, while directing Lafarge to sell its two plants in India to address anti-competition concerns.

The $40-billion mega merger between Holcim and Lafarge to create the world's largest cement group has hit a roadblock with Swiss giant Holcim rejecting the deal in the current form, including on 'governance issues'.

Cement major ACC on Wednesday said its brand name will remain intact after its Swiss parent Holcim merges with the French major Lafarge.

The merger of ACC, Ambuja and Lafarge in India would result in India's largest cement company, with a capacity of nearly 69 MT and a market share of nearly 20 per cent, Barclays says. The merged entity will pip the current leader UltraTech, which has a capacity of nearly 58 MT and market share of nearly 17 per cent as of end-2013, the brokerage add...