The Competition Commission of India (CCI) has cleared the proposed merger between Lafarge and Holcim.
The commission and the two companies have agreed a package of asset divestments, including a cement plant and a grinding station of Lafarge’s in Eastern India.
India is seen as an important market for the future LafargeHolcim Group, which is aiming for a balanced portfolio in cement, aggregates, and ready-mix concrete. The combined group will have a cement capacity of around 68 million tonnes in India.
The divestment process will be completed subject to the closing of the merger between Lafarge and Holcim.
The closing of the planned merger is expected in July 2015.
