(MENAFN) France"s Lafarge and Switzerland"s Holcim, the world"s two largest cement makers, have recently discussed a merger plan to create a company with USD55 billion stock market value, according to the Daily Star
The two companies are expected to make USD40 billion-worth combined sales after the industry's biggest-ever agreement
A source said: "The boards [of Lafarge and Holcim] met Saturday and approved the proposal. An official communication is due Monday.
The two companies had already issued statements Friday announcing they were in advanced talks to merge, a deal which would help them slash costs
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