“As of July 31, we enter a new stage of our activity, maintaining the same organization, the same portfolio of products and services as well as the teams,“ said Costin Borc, CEO with Lafarge Romania and future coordinator of CHR Romania’s acquired operations.
Romanian cement market is therefore divided into three large players, namely LafargeHolcim, Germany’s HeidelbergCement with the local unit Carpatcement Holding, and CRH.
Holcim and Lafarge will release the financial results in the first half of 2015 as separate entities, while the nine-month results will be released as LafargeHolcim.
(English version by Manuela Panescu)
Capital Market
Cement Groups Complete Merger, Listed As LafargeHolcim On Bourse
Swiss cement groups Holcim and French construction materials manufacturer Lafarge completed the merger and listed as LafargeHolcim Wednesday on SIX Swiss Exchange in Zürich and Euronext in Paris. Thus, Ireland’s CRH group will take over the Romanian operations of Lafarge following the merger, after buying several assets of the two groups internationally.