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Lafarge, Holcim in talks to merge the world's two largest cement companies

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by Journal Of Commerce

Lafarge and Holcim say they are in advanced discussions on a "merger of equals" to create the world's largest cement company with $47 billion in annual sales.

Lafarge and Holcim say they are in advanced discussions on a "merger of equals" to create the world's largest cement company with $47 billion in annual sales.

The France and Swiss-based companies together earned $3.14 billion in profits last year, including $2.5 billion attributable to shareholders.

The world’s two largest cement companies said the “strong complementary” of their portfolios and “cultural proximity” of the firms provide the rationale to consider a merger that could deliver significant benefits to customers, employees and shareholders.

The companies together employ more than 134,000 people around the world, including Canada.

Lafarge is partially owned by a subsidiary of Power Corp.

Last year, it earned $1.17 billion on $22.8 billion of sales. Holcim says it earned $1.96 billion on $24 billion of net sales in 2013.

The Canadian Press

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