Reuters
Former LafargeHolcim exec cleared in Syria probe
Preliminary charges were dropped against Eric Olsen, the former CEO at LafargeHolcim, who was being investigated over suspicions of funding terrorism. Keep Reading
CRH interested in Heidelberg’s US, Belgium assets
CRH is interested in U.S. and Belgian assets that HeidelbergCement may sell to address competition concerns over its acquisition of Italy’s Italcementi, according to Reuters. "U.S. cement is of interest to us and we're fully aware of the asset that… Keep Reading
Construction spending dip the first in more than year
U.S. construction spending fell for the first time in nearly 1 1/2 years in November, according to Reuters. A drop in nonresidential investment offset an increase in housing activity. Construction spending dipped 0.4 percent. This was the first spending dip… Keep Reading
HeidelbergCement purchases Italcementi
German cement maker HeidelbergCement agreed to buy control of Italcementi for 6.7 billion euros, or $7.4 billion, reports Reuters. Italcementi serves customers in more than 20 countries and is a market leader in Egypt. Last month, HeidelbergCement said it would… Keep Reading
House passes 2-month transportation spending extension
The U.S. House of Representatives passed a two-month transportation spending extension 387-35, delaying decisions regarding long-term transportation funding until the Highway Trust Fund runs out in July, reports Reuters. The measure will now be sent to the U.S. Senate for… 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
CRH to purchase Lafarge, Holcim assets for $7.4 billion
Irish cement maker CRH has agreed to pay $7.4 billion for the Lafarge and Holcim assets, says an article on Reuters. This purchase will make CRH the world’s third-largest building materials supplier and the largest building supplier in central and… Keep Reading
CRH and Blackstone compete for Holcim, Lafarge assets
Sources say Irish cement maker CRH and a consortium led by Blackstone are battling for assets which Lafarge and Holcim must sell before their planned merger, says an article on Reuters. According to the article, a source says CRH was… Keep Reading
Lafarge and Holcim set to receive merger approval
Lafarge and Holcim are set to receive the European Union’s approval for their merger deal to create the world’s largest cement maker, says an article on Reuters. According to the article, the two companies have already offered to sell business… Keep Reading
