The Cement Deal That Broke the Mold
Merging the world's two largest cement companies, Holcim and Lafarge, required drastic steps, creative thinking and a lot of stamina.
October 23, 2015 at 06:25 PM
9 minute read
Global Legal Awards, Grand Prize Winner (Corporate): The Cement Deal That Broke the Mold
Honorees: Lafarge S.A.; Cleary Gottlieb Steen & Hamilton; Bredin Prat; Lenz & Staehelin; Holcim Ltd.; Homburger; Linklaters; Freshfields Bruckhaus Deringer; CRH plc; Arthur Cox; Morgan, Lewis & Bockius
When the CEOs of the world's two leading cement companies, Swiss-based Holcim Ltd. and France's Lafarge S.A., sat down for lunch in the Hilton hotel in Strasbourg, France, in early 2014 to discuss a transformative merger of their companies, they had little idea of the 18-month rollercoaster ride of tense negotiations, myriad antitrust issues and last-minute shareholder revolts that was about to ensue.
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