Sources: CP staff; Summit Materials LLC, Denver; Lafarge Group, Paris
Five weeks after it began trading on the New York Stock Exchange, Summit Materials has moved to strengthen its largest holding, Missouri-based Continental Cement, through participation in a regulator-driven asset sale tied to the impending Lafarge Group and Holcim Ltd. merger.
Read MoreSources: Lafarge Group, Paris; CP staff
Ahead of the proposed merger they aim to consummate by mid-year, the Lafarge Group and Holcim Ltd. boards have appointed Lafarge Executive Vice President, Operations Eric Olsen as LafargeHolcim chief executive officer. Officials cite his success in senior operations, finance, human resources and strategy positions, plus “deep experience of driving change … in matters of integration and organization.”
Read MoreSources: Holcim Ltd., Zurich; Lafarge Group, Paris; CP staff
Two of top five global players in concrete, cement and aggregates confirm discussions surrounding a potential “merger of equals which builds on the strengths and identities of the two companies,” but stipulate that no deal has been reached nor can assurance be given that discussions will lead to definitive agreement.
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