Lafarge and Holcim announce US asset sales ahead of merger

摘要

Construction materials giants Lafarge and Holcim have announced details of asset disposals in the US ahead of their planned merger. In a joint statement Lafarge, said it would sell its Davenport cement plant in Iowa as well as seven cement terminals along the Mississippi River to Summit Materials for $450m in cash plus Summit's Bettendorf cement terminal, based in Iowa. Holcim plans to sell three cement terminals in Michigan and Illinois as well as the Holcim Skyway 600kt slag grinding station in Illinois, a 700kt slag grinding station in New Jersey, along with a terminal in Massachusetts. The divestments form part of the merger to create LafargeHolcim group, which is expected to complete in July. The new company would operate in 90 countries worldwide.