LafargeHolcim Declines to Bid for BASF Unit -Bloomberg
10 Oktober 2019 - 8:55AM
Dow Jones News
-- Swiss cement-maker LafargeHolcim Ltd. (LHN.EB) has decided
against bidding for BASF SE's (BAS.XE) construction chemicals unit,
said Bloomberg, citing unidentified sources.
-- LafargeHolcim had concerns about how long it would take for
the execution of the sale, which could potentially hurt the
integration of the business, the media organization reported.
-- LafargeHolcim was the last suitor pursuing the business due
to BASF's disappointing outlook, Bloomberg said.
Full story: https://bloom.bg/2Ox4UW2
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(END) Dow Jones Newswires
October 10, 2019 02:40 ET (06:40 GMT)
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