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Holcim-Lafarge cement marriage

Holcim-Lafarge cement marriage
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The rocky pre-nuptials are over it would appear and the marriage will finally be cemented. Holcim and Lafarge have agreed new terms for their plan to create the world’s largest cement company.

The new agreement will hand the shareholders of Swiss company Holcim a better deal. After intense negotiations the two agreed Lafarge shareholders would now receive nine Holcim shares for every 10 in the French company.

The ratio was one for one when the deal was first unveiled in April last year.

But the two firms have yet to agree who will run the combined entity with sales of more than 30 billion euros.