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April 10, 2014
07:26 EDTLFRGY, HCMLYEU antitrust chief sees thorough review of Holcim, Lafarge deal, Reuters says
The European Union's antitrust chief said that Holcim's (HCMLY) plans to merge with Lafarge (LFRGY) will have to undergo a thorough review, according to Reuters, citing comments from European Competition Commissioner Joaquin Almunia. Reference Link
News For HCMLY;LFRGY From The Last 14 Days
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December 15, 2014
12:24 EDTHCMLY, LFRGYHolcim, Lafarge deal approved by EU with conditions
The European Commission has found the proposed acquisition of Lafarge (LFRGY) of France by Holcim (HCMLY) of Switzerland to be in line with the EU Merger Regulation. The decision is conditional upon the divestment of Lafarge businesses in Germany, Romania and the U.K. and of Holcim operations in France, Hungary, Slovakia, Spain and the Czech Republic. In order to prevent a negative impact on competition, the companies committed to divesting most of the operations where their activities overlap. This comprises assets as well as the services necessary for the viability of the assets. Holcim and Lafarge will not be allowed to close their deal until the Commission has approved the buyer(s) of the assets put up for sale.

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