By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)- The top two (2) world Cement producers,  Holcim and Lafarge  said on Tuesday they have finalized agreement with Irish cement  producer CRH Plc to buy some of their assets for 6.5 billion euro ($7.07 billion) as part of the merger deal.

The divestment deal was approved by  European Union  (EU) antitrust regulators last month will see CRH emerge the third biggest building material maker includes assets in Europe, Canada, Brazil and the Philippines.

“These divestments remain subject to the completion of the merger including the acceptance of Holcim’s public exchange offer by the shareholders of Lafarge,” a statement from Holcim said.

The merger is expected to close in July 2015.