Holcim to sell Hungarian unit
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.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.