All competition approvals necessary for closing the transaction have now been obtained ahead of the expected closing in July 2015.
Completion of the regulatory assessment in all key jurisdictions has enabled Holcim and Lafarge to present a final list of divestments to satisfy regulatory requirements.
The divestments remain subject to the completion of the merger, including a successful public exchange offering to Lafarge鈥檚 shareholders and approval by Holcim鈥檚 shareholders.
US assets being divested include:
- Lafarge鈥檚 Davenport cement plant (Iowa) and seven terminals along the Mississippi River (buyer: Summit Materials)
- 3 Holcim terminals in Michigan and Illinois (buyer: Buzzi Unicem)
- Holcim鈥檚 Skyway 600kt slag grinding station in Illinois (buyer: Eagle Materials)
- Holcim鈥檚 Camden 700kt slag grinding station in New Jersey, along with a terminal in Massachusetts (buyer: Essroc/Italcementi)
- Holcim鈥檚 Trident cement plant (Montana) and five terminals in the Great Lakes Region (buyer: CRH).
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