Holcim : A decidedly favourable settlement
>$ 800m agreement to settle Lafarge legacy - Holcim announced yesterday, during trading, an agreement between its subsidiary Lafarge and the US Department of Justice to settle the investigations into Lafarge Cement Syria. Holcim is to pay a fine while also agreeing to plead guilty to providing material support to terrorist organisations in Syria between August 2013 and October 2014. It is clear that the DOJ took a lenient stance in its assessment of the way in which t...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.
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.
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