A package of asset divestments has been agreed with the CCI which includes one cement plant (Sonadih cement plant) and one grinding station (Jojobera grinding station) from Lafarge (with a total of approximately 5 million tonnes annual cement capacity) in Eastern India.
India is an important market for the future LafargeHolcim Group with a balanced portfolio in cement, aggregates, and ready-mix concrete. The combined Group will have a cement capacity of around 68 million tonnes in India.
The divestment process will be carried out in the framework of the relevant social processes and ongoing dialogue with the employee representatives’ bodies. The divestment process will be completed subject to the closing of the merger between Lafarge and Holcim.
As announced, the closing of the planned merger is expected in July 2015, aiming to create the most balanced and diversified portfolio in the industry, operating in 90 countries and creating superior value for all its stakeholders, says the two companies.
