Top-ten Holcim shareholder says merger with Lafarge may collapse

Mon Mar 16, 2015 6:52am EDT
 
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ZURICH (Reuters) - A top-10 shareholder in Holcim HOLN.VX said on Monday a planned merger with French rival Lafarge LAFP.PA could collapse if deal terms are not renegotiated in the Swiss cement maker's favor.

The shareholder, who declined to be named, said Zurich-based Holcim will seek stronger representation on the combined company's board, which had originally been set at seven representatives from both firms.

(Reporting by Oliver Hirt.; Writing by Katharina Bart)

 
A general view shows Switzerland's Holcim cement production plant in Siggenthal, in this file photo taken August 23, 2007.   REUTERS/Christian Hartmann