CRH and Blackstone compete for Holcim, Lafarge assets
Sources say Irish cement maker CRH and a consortium led by Blackstone are battling for assets which Lafarge and Holcim must sell before their planned merger, says an article on Reuters. According to...
View ArticleCRH to purchase Lafarge, Holcim assets for $7.4 billion
Irish cement maker CRH has agreed to pay $7.4 billion for the Lafarge and Holcim assets, says an article on Reuters. This purchase will make CRH the world’s third-largest building materials supplier...
View ArticleOlsen named chief executive of Holcim, Lafarge merger
Eric Olsen was chosen to be the chief executive of the Holcim and Lafarge merger, reports Reuters. Olsen, a French American, has worked at Lafarge for 16 years. He currently works as its vice president...
View ArticleHouse passes 2-month transportation spending extension
The U.S. House of Representatives passed a two-month transportation spending extension 387-35, delaying decisions regarding long-term transportation funding until the Highway Trust Fund runs out in...
View ArticleHeidelbergCement purchases Italcementi
German cement maker HeidelbergCement agreed to buy control of Italcementi for 6.7 billion euros, or $7.4 billion, reports Reuters. Italcementi serves customers in more than 20 countries and is a market...
View ArticleConstruction spending dip the first in more than year
U.S. construction spending fell for the first time in nearly 1 1/2 years in November, according to Reuters. A drop in nonresidential investment offset an increase in housing activity. Construction...
View ArticleClik here to view.
CRH interested in Heidelberg’s US, Belgium assets
CRH is interested in U.S. and Belgian assets that HeidelbergCement may sell to address competition concerns over its acquisition of Italy’s Italcementi, according to Reuters. “U.S. cement is of...
View ArticleClik here to view.
Former LafargeHolcim exec cleared in Syria probe
Olsen Preliminary charges were dropped against Eric Olsen, the former CEO at LafargeHolcim, who was one of several people being investigated over suspicions that he funded terrorism in Syria. According...
View Article
