Groups led by Blackstone Group and CVC Capital Partners, as well as Ireland’s CRH, submitted bids for assets put up for sale by cement makers Holcim and Lafarge ahead of their planned merger, according to people familiar with the matter.
Blackstone teamed up with Cinven and Canada Pension Plan Investment Board, while CVC made a bid with Singapore’s sovereign-wealth fund GIC, the source, asking not to be identified as the talks are private, told Bloomberg.
