Holcim to sell Hungarian unit

holcim2Swiss-based building materials company Holcim will sell its Hungarian unit as its recent merger with French peer Lafarge placed it in a dominant position in several regions of Europe. Consultations are already underway between the buyer and Holcim Magyarorszag on the takeover of the company’s 16 Hungarian branch offices, the paper said. That the potential buyer is a multinational group, and if the sale of the subsidiary is approved in Switzerland, the transaction could be completed in the second half of 2015. Officials at the parent company’s Zurich headquarters have confirmed to the paper that there are talks underway on disposing of foreign subsidiaries including the Hungarian unit.