Holcim is nearing European Union antitrust approval for its €1.85 billion acquisition of German manufacturer Xella.
The European Commission's expected clearance follows Holcim’s offer to divest its autoclaved aerated concrete business in Adjud, Romania.
This asset sale successfully addressed regulatory concerns regarding market competition. The deal enables the Swiss building materials giant to expand its presence in the wall systems sector.
Finalization of the transaction awaits the official regulatory decision.