August 6, 2014
The Swiss and French companies plan to sell several assets, including three integrated cement plants and two grinding stations as well as one ready-mix plant in southeastern Brazil.
“These proposed divestments have been presented to (Brazilian antitrust watchdog) CADE in the context of pre-filing negotiations and will now be subject to review and further discussion until a final decision is reached with the authority,” the two companies said in a statement.
Holcim and Lafarge are trying to shed assets to persuade competition watchdogs to back the merger, which was unveiled in April and would create a combined group with $44 billion in yearly sales. The companies are try into shed 5 billion euros ($6.71 billion) worth of assets.