Deals
LafargeHolcim Getting Strong Interest for India Plants
- In interview, Olsen says Indian assets will get good price
- LafargeHolcim forced to sell more than anticipated in country
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LafargeHolcim Ltd. Chief Executive Officer Eric Olsen said the company is attracting strong interest for capacity it’s forced to sell in India following a merger that created the world’s largest cement maker.
Emerging from the combination last year of France’s Lafarge SA and the Swiss Holcim Ltd., the company based in Jona, Switzerland, now has to divest 11 million tons of capacity, or one sixth of its total in India, a market that Olsen described in an interview as its “number one country.”