Holcim and Lafarge have announced the activities they plan to offload in Brazil in order to gain antitrust approval for their merger to create the largest cement maker in the world.
The Swiss and French companies plan to sell several assets, including three integrated cement plants and two grinding stations as well as one ready-mix plant in southeastern Brazil.
“These proposed divestments have been presented to (Brazilian antitrust watchdog) CADE in the context of pre-filing negotiations and will now be subject to review and further discussion until a final decision is reached with the authority,” the two companies said in a statement.
Holcim and Lafarge are trying to shed assets to persuade competition watchdogs to back the merger, which was unveiled in April and would create a combined group with $44 billion in yearly sales. The companies are try into shed 5 billion euros ($6.71 billion) worth of assets.
In 2010, both Holcim and Lafarge were considered top 10 aggregate producers.