OREANDA-NEWS. May 27, 2015. Following appropriate information-consultation processes with relevant works councils and employee representatives, Lafarge and Holcim announce that they have now entered a binding agreement with CRH regarding the sale of several assets. 

As announced in February 2015, the assets include operations mainly in Europe, Canada, Brazil and the Philippines (see complete list in appendix) with an enterprise value of EUR 6.5 billion (CHF 6.8 billion).

These divestments remain subject to the completion of the merger including the acceptance of Holcim’s public exchange offer by the shareholders of Lafarge.

The merger is expected to close in July 2015.