Recently, the European Commission has unconditionally approved Holcim's acquisition of Cemex West, an asset of Cemex in Germany, after a two-stage review.
It is reported that the transaction includes a cement plant, two grinding stations with an annual cement capacity of 2.5 million tons, a slag granulator, 22 aggregate plants and 79 ready-mixed concrete plants, which will be merged with Holcim's business in northern Germany. The deal is expected to close in the second half of 2014.
Holcim's acquisition in Germany is part of its strategic portfolio optimization in Europe, which includes a series of transactions with Cemex, but is not related to its merger with Lafarge.
Holcim said the European Commission's decision to approve its acquisition of Cemex's assets in Germany marked another milestone in the optimization of its strategic portfolio in Europe. The decision will enable Holcim to create more value through optimization in the northwest region of Germany, and will also enable it to further improve its service and support for existing and new customers.
In addition, in March 2014, the Competition Authority of the Czech Republic approved Cemex's acquisition of Holcim Cesko, a Czech asset of Holcim. Cemex and Holcim also plan to merge their cement, ready-mix concrete and aggregates businesses in Spain. After the merger, Holcim will hold a 25% stake in the combined company, but the transaction has not yet been approved by the European Commission.
浙公网安备33010802003254号