Deals
Blackstone, CVC, CRH Said to Bid for Holcim-Lafarge Assets
This article is for subscribers only.
Groups led by Blackstone Group LP and CVC Capital Partners Ltd., as well as Ireland’s CRH Plc., submitted bids for assets put up for sale by cement makers Holcim Ltd and Lafarge SA ahead of their planned merger, according to people familiar with the matter.
Blackstone teamed up with Cinven Ltd. and Canada Pension Plan Investment Board, while CVC made a bid with Singapore’s sovereign-wealth fund GIC, the people said, asking not to be identified as the talks are private.