All competition approvals necessary for closing the transaction have now been obtained ahead of the expected closing in July 2015.
Following the regulatory assessment in all key jurisdictions, Holcim and Lafarge can now present a final list of divestments to satisfy regulatory requirements (see list).
These divestments remain subject to the completion of the merger, including a successful public exchange offering to Lafarge’s shareholders and approval by Holcim’s shareholders.
The two companies are divesting the following assets in Europe to CRH:
France: in metropolitan France, all of Holcim’s assets, except for its Altkirch cement plant and aggregates and ready-mix sites in the Haut-Rhin region, and a grinding station of Lafarge in Saint-Nazaire; Lafarge’s assets on Reunion island, except for its shareholding in Ciments de Bourbon.
Germany: Lafarge’s assets.
Hungary: Holcim’s operating assets.
Romania: Lafarge’s assets.
Serbia: Holcim’s assets.
Slovakia: Holcim’s assets.
United Kingdom: Lafarge Tarmac assets with the exception of its Cauldon and Cookstown plants and certain associated assets.
The two companies are divesting the following assets in the rest of the world:
Canada: Holcim’s assets (Buyer: CRH presented as buyer)
Brazil: assets from both Holcim and Lafarge, which include three integrated cement plants and two grinding stations (with a total of 3.6 million tonnes/year cement capacity), as well as some ready-mix plants located in the Southeastern region of Brazil. (buyer: CRH).
India: Lafarge’s Sonadih cement plant and Jojobera grinding station (with a total of approximately 5 million gtonnes/year cement capacity) in Eastern India. (buyer: divestment process ongoing).
Mauritius: Holcim’s assets (buyer: to be determined).
The Philippines: the shares of Lafarge Republic, (LRI) from, and other specific assets of, the major shareholders namely Lafarge Holdings Philippines, South Western Cement Ventures, Calumboyan Holdings, and Round Royal), except LRI's investment in Lafarge Iligan. Lafarge Mindanao, and Lafarge Republic Aggregates Star Terminal at the Harbour Center, Manila, and other related assets. (buyer: CRH).
United States: Lafarge’s 1.1 million tonne Davenport cement plant (Iowa) and seven terminals along the Mississippi River (buyer:
Three Holcim terminals in Michigan and Illinois (buyer:
Holcim’s Skyway slag grinding station in Illinois (buyer: Eagle Materials).
Holcim’s Camden 700 thousand tonne slag grinding station in New Jersey, along with a terminal in Massachusetts (buyer: Essroc/
Holcim’s Trident cement plant (Montana) and five terminals in the Great Lakes Region (buyer: CRH presented as buyer).
