Switzerland-based Holcim has said it will not acquire Kenya’s Bamburi Cement firm if it’s planned merger with France’s Lafarge succeeds, say reports.

Should the $40 billion merger proceed as planned, Holcim would end up with indirect control of Bambury, according to reports; two Lafarge units own 58.6 percent of Bamburi.

But in …read more

Source: Global Competition Law Blogs