Oldcastle parent prevails in $7 billion Lafarge, Holcim asset pursuit

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In an early-February U.S. Securities and Exchange Commission filing, CRH Plc confirmed a binding commitment to acquire certain assets Switzerland’s Holcim Ltd. and Paris-based Lafarge SA had bundled for sale, thereby advancing a merger the producers hope to consummate by mid-year. The commitment centers on a transaction with an enterprise value of about $7.4 billion, and encompasses Holcim Canada Inc. plus a host of overseas cement, concrete and aggregate businesses.

 
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Oldcastle parent prevails in $7 billion Lafarge, Holcim asset pursuit

Sources: CP staff; CRH Plc, Dublin

In a February 2 U.S. Securities and Exchange Commission filing, CRH cites a binding commitment to acquire certain Holcim Ltd. and Lafarge SA assets, ahead of a planned, mid-year merger creating LafargeHolcim. The commitment centers on a transaction with an enterprise value of about $7.4 billion, and encompasses Holcim Canada Inc. plus a host of overseas cement, concrete and aggregate businesses.

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