Final payment in Holcim-Cemex deal cements European consolidation

By James Sean Dickson
Published: Tuesday, 06 January 2015

Holcim has completed a series of consolidative transactions for its European business arms with Cemex. By focusing on their respective key markets, both companies will hope to increase construction demand and the consumption of construction minerals.

Swiss construction minerals and aggregates company Holcim Ltd has received the final tranche of payments totalling European euro (€)45m ($53.6m*) from Mexico-based rival Cemex SAB de CV for the transaction of various assets.

Holcim has acquired Cemex’s western Germany and Netherlands-based operations, while Cemex has taken on Holcim’s Czech Republic...

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