LafargeHolcim executive committee formed

Lafarge and Holcim confirmed that Holcim CFO Thomas Aebischer would be in charge of finance for the group. Saad Sebbar, who heads Lafarge Morocco, would lead the Middle East and Africa region. Pascal Casanova, who leads Lafarge France, would be in charge of Latin America, the companies said in a joint statement.

According to Reuters, the appointments mean Holcim and Lafarge will each have five executives on the combined committee. Lafarge’s Eric Olsen will lead as chief executive.

June 1, 2015 Pit & Quarry

Lafarge proposes to sell assets worth $450 Million to Summit

Lafarge SA agreed to sell a cement plant in Iowa and seven distribution terminals on the Mississippi river to Summit Materials Inc. for $450 million as part of a plan to win antitrust approval for its planned merger with Swiss rival Holcim Ltd.

Read more at Bloomberg Business.

Cement Giants Holcim and Lafarge List Potential Asset Sales to Ease Merger

Holcim and Lafarge, the world's two largest cement and construction materials companies, outlines on Monday which assets they planned to sell in hopes of easing regulatory approval for their merger.

Read more in The New York Times.

Holcim-Lafarge Leftovers Enticing for Bidders; Real M & A

Once Holcim Ltd. (HOLN) and Lafarge SA (LG) start shedding assets across the world to complete their $40 billion merger, cement producers from Europe to the U.S. are likely to start lining up with offers. The assets up for grabs represent about $1 billion of profits that Holcim and Lafarge, the cement industry’s two biggest companies, may siphon off to satisfy antitrust regulators in a handful of countries.

Read more at Bloomberg.com.

Antitrust Hurdles Loom Large for Holcim-Lafarge Cement Merger

Investors offered cautious approval for the merger plan of the world’s two biggest cement companies on Monday. But analysts seemed more skeptical about the wisdom of the deal — and whether the companies would be able to sell it to more than a dozen global antitrust regulators that will have a say in the matter.