Holcim and Lafarge propose final US asset disposals

Companies provide details of assets to be divested in the US as part of their planned merger

LAFARGE and Holcim have announced further details on the package of assets they propose to divest in the US, as part of their planned merger to create LafargeHolcim.

The divestments include:

• Lafarge’s Davenport cement plant in Iowa. This and seven terminals along the Mississippi river will be sold to Summit Materials for a total consideration of US$450 million (€420 million) in cash plus Summit’s Bettendorf, Iowa, cement terminal
• Three Holcim terminals in Michigan and Illinois
• Holcim Skyway’s slag grinding station in Illinois
• Holcim Camden’s slag grinding station in New Jersey, together with a terminal in Massachusetts.

The proposed divestments have been negotiated with the US Federal Trade Commission and remain subject to review and approval by the Commission.

The divestments will be completed subject to acceptance by the Commission and to the closing of the planned merger between Holcim and Lafarge, which is expected in July 2015.