Private equity pair CVC Capital and KKR are said to be circling business units of European cement makers Holcim and Lafarge ahead of their prospective merger, Bloomberg reported.
The combined entity will have $44bn in sales and will need to hive off assets worth close to €5bn in order for the deal to go ahead.
The buyout firms are looking at a $6.8bn deal for these assets, which cover operations iN Europe, India, China, Canada and Brazil, the report said.
Last year Texas-based private equity firm Lone Star Funds bought Lafarge’s North American gypsum assets for $700m, while Baring Private Equity Asia previously bought a 14 per cent stake in the company’s Indian arm in a €200m deal.
Copyright © 2014 AltAssets