By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)- The top two (2) world Cement producers, Lafarge and Holcim said on Monday they have received final approval for their proposed merger from the competition authorities in the United States and Canada.

“All competition approvals necessary for closing the transaction have now been obtained ahead of the expected closing in July 2015,2 both companies said in a joint statement.

The statement further affirmed that following the regulatory assessment in all key jurisdictions, Holcim and Lafarge can now present a final list of divestments to satisfy regulatory requirements.

“These divestments remain subject to the completion of the merger, including a successful public exchange offering to Lafarge’s shareholders and approval by Holcim’s shareholders,” the statement added.