UPDATE 5-Holcim, Lafarge agree to merger to create cement giant

lunes 7 de abril de 2014 15:48 GYT
 

* Holcim shareholders will hold 53 pct of merged entity

* Combined group to be worth just under $60 bln

* Premium for Lafarge shareholders 4.4 pct over Thursday close

* Companies expect 1.4 bln euros in annual cost savings

* Deal faces regulatory issues in 15 jurisdictions

* Managers confident on asset sales and regulatory approval

* Shares in Lafarge, Holcim up modestly by late Monday (Adds antitrust comment from U.S.)

By Natalie Huet and Caroline Copley

PARIS/ZURICH, April 7 (Reuters) - Holcim of Switzerland unveiled a deal to buy France's Lafarge on Monday to create the world's biggest cement maker, with $44 billion of annual sales, and launch asset sales worldwide to steer it over antitrust hurdles.   Continuación...