India: On 9 May 2016 Dalmia Cement withdrew their challenge to a conditional approval given by India’s anti-trust regulator to the proposed merger of Lafarge and Holcim in india. The Competition Appellate Tribunal (CAT) has accepted Dalmia’s decision, paving the way for the sale of Lafarge India’s 11Mt/yr of cement capacity as a part of the merger conditions.
A statement from LafargeHolcim stated, “We are happy Dalmia has withdrawn their appeal to the CAT and look forward to completing the sale of Lafarge India.”
