Turkey: Sabancı plans bid for LafargeHolcim divestments

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Updated Fri, 24 Oct 2014 13:55:08 GMT

Turkish conglomerate Sabancı Holding plans to bid for some of the assets that cement makers Lafarge and Holcim must sell to steer their mega-merger past competition watchdogs, according to Reuters.

"Sabancı Cement Group is interested in these sales. Preparations are being made to make a bid in December 2014. Before the bid, preliminary information has been obtained on the assets so it can be assessed," said a source quoted by Reuters.