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Holcim to sell Hungarian unit

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Swiss-based building materials company Holcim said it is planning to sell its Hungarian unit as its recent merger with French peer Lafarge placed it in a dominant position in several European regions, Hungarian business daily Napi Gazdaság announced today.

Negotiations are currently underway between the buyer and Holcim Magyarország, to discuss the possible takeover of the company's 16 Hungarian branch offices. The paper was informed that the potential buyer is a multinational group, and should the sale of the subsidiary be approved by the parent in Switzerland, the transaction could be completed by the second half of 2015.

Officials at the parent company's Zurich headquarters confirmed to the paper that there are talks underway on disposing of foreign subsidiaries including the Hungarian unit.

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