Holcim
LafargeHolcim executive committee formed
Lafarge and Holcim constructed a 10-member executive committee of the combined LafargeHolcim, Reuters reports. The companies confirmed that Holcim CFO Thomas Aebischer would be in charge of finance for the group. Saad Sebbar, who heads Lafarge Morocco, would lead the… Keep Reading
Economics Pulse: Construction materials update
The first quarter of 2015 brought four areas of interest to the construction materials sector: year-end earnings reports; the first initial public offering in the sector in more than a decade; continued anticipation of the industry’s merger of its two… Keep Reading
Holcim and Lafarge announce asset divestment proposal in US
Holcim and Lafarge announced details on the assets they wish to divest in the United States as a part of their planned merger to form LafargeHolcim. According to Lafarge, the companies hope to sell Lafarge’s Davenport cement plant and seven… Keep Reading
Lafarge/Holcim back on track, but a long process
The Wall Street Journal (WSJ) reports that the Lafarge/Holcim merger, an estimated $44 billion deal, is back on track after the appointment of a new chief executive for the combined group. Eric Olsen, who currently serves as Lafarge’s executive vice… Keep Reading
Olsen named chief executive of Holcim, Lafarge merger
Eric Olsen was chosen to be the chief executive of the Holcim and Lafarge merger, reports Reuters. Olsen, a French American, has worked at Lafarge for 16 years. He currently works as its vice president for operations, responsible for Frank,… Keep Reading
Olsen set to become chief executive of Lafarge-Holcim
French-American Eric Olsen is set to become the chief executive of combined cement groups Holcim and Lafarge, reports fastFT. Olsen has worked at Lafarge since 1999 and has served as executive vice president of operations for the company since 2013.… Keep Reading
Lafarge shares fall with rejected merger deal
Shares in cement group Lafarge fell around 2 percent when two Holcim shareholders rejected the revised deal for the companies’ merger, says The Irish Times. Russian businessman Filaret Galchev and Harris Associates both rejected the new terms, reports The Irish… Keep Reading
Holcim and Lafarge confident merger to occur this summer
Holcim and Lafarge are confident that their merger will happen this summer, says The New York Times. According to The New York Times, the agreement to merge was faltering in recent weeks because Holcim shareholders thought they were getting shortchanged… Keep Reading
CRH purchases Lafarge, Holcim cement assets for $7.3 billion
According to The Street, Irish cement maker CRH announced that it will be purchasing the cement assets of Lafarge and Holcim Ltd. for $7.3 billion. This purchase marks the company’s largest deal ever and clears the way for the sellers… Keep Reading
