Deals
LafargeHolcim Preempts Regulators With Selling Spree Plan
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Holcim Ltd. and Lafarge SA, seeking antitrust backing for a planned $40 billion merger, outlined an initial list of assets for sale to cut the importance of Europe to 20 percent of combined revenue and win regulatory backing.
As part of a program of disposals, Anglo American Plc will sell Lafarge its stake in a tarmac and aggregates venture for at least 885 million pounds ($1.5 billion) as a prelude to Holcim and Lafarge divesting most of that business, the companies said in a statement today.