Holcim, Lafarge outpace flat European stock indexes after deal

viernes 20 de marzo de 2015 05:14 GYT

* FTSEurofirst 300 steady near 7-1/2 year high

* Holcim and Lafarge rise after agreeing new merger terms

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* Zodiac falls after profit warning

By Francesco Canepa

LONDON, March 20 (Reuters) - Construction companies Holcim and Lafarge outperformed flat pan-European equity indexes on Friday after salvaging their merger.

Holcim rose 1.3 percent and Lafarge added 3.5 percent after the companies agreed new terms on a planned multi-billion-euro deal that would create the world's biggest cement firm.

"There are lots of synergies in the deal, that's why they decided to change the terms rather than walk away," one London investment bank analyst said.

Irish-listed shares in peer CRH rose 4.1 percent. The Holcim-Lafarge deal paved the way for CRH's acquisition of cement assets from the combined entity, a move that had been welcomed by the market.   Continuación...