All Lafarge Holcim merger approvals now obtained

Competition authority clearances in the US and Canada pave the way for closing of the merger

LAFARGE and Holcim have received final approval for their proposed merger from the competition authorities in the US and Canada, which means that all regulatory approvals needed to close the transaction have now been obtained in all key jurisdictions ahead of the expected closing in July 2015.

All divestments that Lafarge and Holcim will be required to make in order to satisfy the regulatory requirements (see final list below) remain subject to the completion of the merger, including a successful public exchange offering to Lafarge’s shareholders and approval by Holcim’s shareholders.

In Europe, the two companies are divesting the following assets to CRH:

• France: in metropolitan France, all of Holcim’s assets (except for their Altkirch cement plant and aggregates and ready-mixed concrete sites in the Haut-Rhin region) and Lafarge’s grinding station in Saint-Nazaire; and Lafarge’s assets on Reunion island (except for their 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
• UK: Lafarge Tarmac’s assets (except for their Cauldon and Cookstown plants and certain associated assets).

In the rest of the world, Lafarge and Holcim are divesting the following assets [buyers shown in brackets]:

• Canada: Holcim’s assets [CRH presented as buyer]
• Brazil: Holcim and Lafarge assets, including three integrated cement plants and two grinding stations, as well as a number of ready-mixed concrete plants located in the south-eastern region of Brazil [CRH]
• India: Lafarge’s Sonadih cement plant and Jojobera grinding station in eastern India [divestment process ongoing]
• Mauritius: Holcim’s assets [to be determined]
• The Philippines: the shares of Lafarge Republic Inc. (LRI) from, and other specific assets of, the major shareholders, namely Lafarge Holdings Philippines Inc., South Western Cement Ventures, Calumboyan Holdings Inc., and Round Royal Inc., except LRI’s (i) investment in Lafarge Iligan Inc., Lafarge Mindanao Inc. and Lafarge Republic Aggregates Inc., (ii) Star Terminal at the Harbour Center, Manila, and (iii) other related assets [CRH]
• United States:
  • Lafarge’s Davenport cement plant in Iowa and seven terminals along the Mississippi river [Summit Materials]
  • Three Holcim terminals in Michigan and Illinois [Buzzi Unicem]
  • Holcim’s Skyway slag-grinding station in Illinois [Eagle Materials]
  • Holcim’s Camden slag-grinding station in New Jersey, together with a terminal in Massachusetts [Essroc/Italcementi]
  • Holcim’s Trident cement plant in Montana and five terminals in the Great Lakes region [CRH presented as buyer].