Swiss giant Holcim today said it is in “advanced discussion” with world’s largest cement producer Lafarge for a possible merger, which may lead to setting up of a mega cement company having presence across the world. “Holcim confirms that Lafarge and Holcim are in advanced discussions regarding a possible combination,” […]
Business News
Holcim Said to Be in Talks With Lafarge About Merger
Holcim Ltd. (HOLN) and Lafarge SA (LG), the world’s two largest cement makers, are exploring a merger to create a Swiss-French company with a market value of more than $50 billion, according to people familiar with the matter. The discussions are ongoing and may lead to a merger of equals, […]
Oando Plc Completes Sale of East Horizon for $250 million
By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s top oil marketing firm, Oando Plc Thursday announced it has completed the sale of one of its wholly owned subsidiaries East Horizon Gas Company (EHGC) to Seven Energy International Limited for $250 million. Oando in a statement made available to InvestAdvocate said it completed […]
