Lafarge and Holcim have now entered a binding agreement with CRH regarding the sale of several assets with an enterprise value of EUR6.5bn.

As announced in February 2015, the assets include operations mainly in Europe, Canada, Brazil and the Philippines (see below).

The acquisition remains conditional upon successful completion of the merger of Lafarge and Holcim as well as the completion of local asset reorganisations. The acquisition is expected to complete in the second half of 2015.

The two companies are divesting the following assets to CRH:
• Brazil: assets from both Holcim and Lafarge, which include three integrated cement plants and two grinding stations (with a total of 3.6Mta cement capacity), as well as some ready-mix plants located in the Southeastern region of Brazil.
• Canada: Holcim’s assets
• France: in metropolitan France, all of Holcim’s assets, except for its Altkirch cement plant and aggregates and ready-mix sites in the Haut-Rhin region. Also a grinding station of Lafarge in Saint-Nazaire; Lafarge’s assets on Reunion island, except for its shareholding in Ciments de Bourbon
• Germany: Lafarge’s assets
• Hungary: Holcim’s operating assets
• The Philippines: the shares of Lafarge Republic, Inc (LRI) from, and other specific assets of, the major shareholders namely Lafarge Holdings Philippines, Inc, South Western Cement Ventures, Calumboyan Holdings, Inc., and Round Royal, Inc.), except LRI's (i) investment in Lafarge Iligan, Inc., Lafarge Mindanao, Inc. and Lafarge Republic Aggregates, Inc., (ii) Star Terminal at the Harbour Center, Manila, and (iii) other related assets.
• Romania: Lafarge’s assets
• Serbia : Holcim’s assets
• Slovakia: Holcim’s assets
• United Kingdom: Lafarge Tarmac assets with the exception of its Cauldon and Cookstown plants and certain associated assets
• United States: Holcim’s Trident cement plant (Montana) and five terminals in the Great Lakes Region.