Canadian Bureau Gets Settlement On Acquisition of Lafarge Canada

Canada’s Competition Bureau has reached a consent agreement with major construction materials firm Holcim Ltd. to address projected anticompetitive concerns in the Canadian market raised by its acquisition of Lafarge S.A.

The settlement, part of a coordinated review of the merger that included close cooperation with the U.S. Federal Trade Commission, calls for Holcim to sell all its Canadian operations and associated assets, as well as a cement plant and five cement terminals in the U.S., which will permit the Canadian assets to operate effectively as a stand-alone business, the bureau said in a May 4 statement.

“This merger review ...