Holcim Calls a Halt to Lafarge Deal to Revisit Terms

The Holcim and Lafarge merger has been put on hold as Holcim seeks to renegotiate the deal terms.

Reuters

 Switzerland's Holcim called a halt on Monday to its merger with Lafarge, pressing the French company to renegotiate the deal terms and putting their plan to create the world's biggest cement maker at risk.

The deal was presented as a marriage of equals in April 2014, although the terms meant Holcim shareholders would end up with 53 percent of the combined company.

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