Lafarge and Anglo Amercian’s subsidiary Tarmac are reported to be planning to sell off £600million (€682million) worth of assets in order to complete their planned merger. The companies are reported to be selling quarries, cement plants and ready mixed concrete facilities in order to satisfy the concerns of the Office of Fair Trading in the UK. The joint venture is expected to submit plans for the restructuring to the authority next month in a bid to gain approval for the deal.
Lafarge and Anglo American’s subsidiary Tarmac are reported to be planning to sell off £600million (€682million) worth of assets in order to complete their planned merger. The companies are reported to be selling quarries, cement plants and ready mixed concrete facilities in order to satisfy the concerns of the Office of Fair Trading in the UK. The joint venture is expected to submit plans for the restructuring to the authority next month in a bid to gain approval for the deal.
