LafargeHolcim considers revised divestment plan in India

Birla

04/02/2016 06:00

ZURICH, Feb 4 (Reuters) - LafargeHolcim Ltd  LHN.VX  is 
reviewing its divestment plan in India after talks with Birla 
Corporation Limited (BCL) BRLC.NS  
for the sale of the Jojobera and Sonadih cement plants in 
Eastern India fell through, it said on Thursday.  urn:newsml:reuters.com:*:nL3N15H426 
    "LafargeHolcim today announced that it is considering a 
divestment of its interest in Lafarge India with an annual 
cement capacity of around 11 million tonnes," it said.  
    The divestment would require the approval of the 
Competition Commission of India (CCI) as an alternate remedy for 
the merger of the group's legacy companies, it said, adding 
talks with CCI continued. 
 
 (Reporting by Michael Shields; Editing by Brenna Hughes 
Neghaiwi) 
 ((Michael.Shields@thomsonreuters.com; +41 58 306 7461; Reuters 
Messaging: michael.shields.thomsonreuters.com@reuters.net)) 
 
Keywords: LAFARGEHOLCIM INDIA/