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EU to rule on CRH bid for Lafarge, Holcim assets by April 27

Published 19/03/2015, 10:16
© Reuters. A logo is seen at a Lafarge concrete production plant in Pantin
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BRUSSELS (Reuters) - European Union antitrust regulators will rule by April 27 whether to approve Irish cement firm CRH's (I:CRH) plan to buy assets from merging companies Lafarge (PA:LAFP) and Holcim (VX:HOLN), the European Commission said on Thursday.

French Lafarge and Swiss peer Holcim are selling overlapping activities in line with a pledge to the European Commission for clearing their merger to become the world's largest cement producer.

CRH shareholders approved the 6.5-billion-euro (4.66 billion pounds) acquisitions earlier on Thursday that would make it the world's third-biggest building materials supplier.

© Reuters. A logo is seen at a Lafarge concrete production plant in Pantin

Holcim and Lafarge are now seeking to salvage their deal amid issues over the leadership of the combined company and the share exchange ratio.

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