Report
Sven Edelfelt

LafargeHolcim : The divestment of Holcim Philippines and indefinite postponements

>The divestment of Holcim Philippines has been cancelled - The anti-trust authorities in the Philippines refused approval for the transaction in the required time frame and, as a result, the agreement is null and void. A transaction worth CHF 1.8bn for LafargeHolcim which should have, over and above strengthening a relatively solid balance sheet, provided greater financial leeway for an acquisition...The group nonetheless has the means to achieve its ambitions, but th...
Underlying
LafargeHolcim Ltd.

LafargeHolcim is a producer of cement and aggregates. Co. also supplies ready-mix concrete, concrete products, asphalt and a range of services. Co. operates through three segments: cement, aggregates, and other construction materials and services. Co.'s cement segment provides a range of cementitious materials and also develops customized blends for special applications. Through its aggregates segment, Co. produces aggregates which include crushed stone, gravel and sand mainly used in the manufacture of ready-mix concrete, concrete products and asphalt, as well as for road building and railway tracks, with production centered on quarrying, preparing and sorting the raw material.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Sven Edelfelt

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