Cement News tagged under: Galchev
LH merger: Galchev demands improved terms06 April 2015, Published under Cement NewsRussian billionaire, Filaret Galchev, who holds 10.8 per cent of Holcim through Eurocement holding, is demanding a renegotiation of the deal by Holcim and Lafarge to create the world’s largest cement company. The revised terms of the merger gave a more attractive share-swap ratio for Holcim shareholders, whereby Lafarge shareholders would receive nine Holcim shares for every 10 Lafarge ones, rather than the one-for-one ratio previously proposed. However, Galchev, Holcim’s second-largest s... |
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