Report: LafargeHolcim drops bid for BASF’s construction chemicals

摘要

Cement maker LafargeHolcim (Jona, Switzerland) has decided against bidding for BASF’s construction chemicals business, according to a Bloomberg report quoting people familiar with the matter. LafargeHolcim was the last strategic suitor pursuing the business, for which BASF is looking for more than €3 billion ($3.3 billion), the report says. The company had concerns about how long it would take for BASF to execute the sale, the report adds.