The purchase will result in the creation of the world’s biggest cement maker with combined sales of more than €32 billion. Under the terms of the deal, Lafarge shareholders will receive one Holcim share for each Lafarge share they own.
In order to ease competition concerns surrounding the deal the two companies have agreed to sell various assets. The companies forecast total annual savings from joining forces to be around €1.4 billion. The combined firm will be based in Switzerland.