Two industry groups eye Lafarge-Holcim assets - sources

martes 7 de octubre de 2014 14:15 GYT
 

* CRH teams up with Cemex to explore bid for assets - sources

* HeidelbergCement, Votorantim Cimentos also eye joint bid - sources

By Anjuli Davies, Soyoung Kim and Arno Schuetze

LONDON/NEW YORK/FRANKFURT, Oct 7 (Reuters) - Irish cement maker CRH has teamed up with Mexican rival Cemex to explore a bid for all the assets industry giants Lafarge and Holcim must sell to get the go-ahead for their planned merger from competition watchdogs, according to several people familiar with the matter.

Germany's HeidelbergCement and Brazilian firm Votorantim Cimentos SA are also considering a joint bid for the entire portfolio, the sources said.

These would compete with several private equity groupings that have been formed to pursue a deal for the assets, which could be valued at anywhere between 4 billion and 7 billion euros ($5-8.85 billion), they said.

Teaming up would allow companies to carve up the assets according to their geographic fits and would also help split the cost.

A spokesman for Cemex said it does not comment on market rumours, while HeidelbergCement and CRH declined to comment. No one at Votorantim Cimientos was immediately available for comment.

A spokeswoman for Lafarge declined to comment beyond saying the companies are on track to close the merger in the first half of next year. Holcim declined to comment.   Continuación...