Sale of Lafarge India assets halted by Competition Appellate Tribunal

Sale of Lafarge India assets halted by Competition Appellate Tribunal

REUTERS/Arnd Wiegmann

The merger of global cement giants Lafarge and Holcim in India hit a roadblock on Wednesday with the Competition Appellate Tribunal (Compat) staying the sale of 11 million tonnes of cement capacity held by Lafarge India Pvt. Ltd, following an appeal by cement maker Dalmia Cement (Bharat) Ltd.

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