Lafarge, Holcim might have to sell Romanian plant amid merger

By bne IntelliNews April 8, 2014

Major global cement producers Lafarge and Holcim might have to sell one of their Romanian plants if the local antitrust body decides so amid the global merger of the two companies, Ziarul Financiar daily commented.

The cement market is problematic, the head of the antitrust body, Bogdan Chiritoiu, commented for Wall Street online publication. The local antitrust body will cooperate with its European peers, he added.

No production capacity will be closed down – but rather sold, if necessary – officials of the two companies quoted by Ziarul Financiar daily stated. Lafarge and Holcim operate two production capacities each in Romania, after having invested some EUR 700mn each.

There are three cement producers in Romania that share roughly equal market slices and were already involved in price-setting allegations. Apart from Lafarge and Holcim – with sales of roughly EUR 200mn each, Heidelberg Cement operates the Carpatcement Holding with sales of over EUR 200mn. The antitrust body set fines in the amount of over EUR 72mn for all the three local producers back in 2005.

Related Articles

Romania’s Banca Transilvania becomes shareholder in Moldova’s Victoriabank

Romania’s Banca Transilvania (BT) has become a shareholder of Victoriabank, the third largest bank in the Republic of Moldova, with a total participation of over 66% alongside the European Bank for ... more

Romania signs €900mn contract for Piranha armoured vehicles

Romania’s government on January 12 signed a €900mn contract to buy 227 Piranha 8x8 armoured fighting vehicles (AFVs) from US producer General Dynamic, partly assembled at Uzina Mecanica Bucuresti ... more

Damen to lose out as Romanian PM says Mangalia shipyard will be nationalised

The Romanian government is committed to taking over a 51% stake in Mangalia shipyards from Daewoo and revive the yard by producing military ships, Prime Minister Mihai Tudose said on January 10 in an ... more

Dismiss