CPPIB among groups still competing for Holcim-Lafarge assets: Reuters

The battle for the assets cement firms Lafarge and Holcim must sell to get the go-ahead for their merger will likely be between three groups, sources told Reuters. The three groups expected to hand in binding bids by a mid-January deadline include a consortium made up of Blackstone, Cinven and Canada Pension Plan Investment Board (CPPIB). The assets are seen fetching about 6 billion euros (US$7.5 billion), the sources said.

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