Holcim and Lafarge reported on April 4 that they are considering a potential merger given 'strong complementarities of portfolio and cultural proximity'.
''In the case of an eventual global merger, the merged entity would become the largest cement company (c69mt capacity) in India, significantly higher than UltraTech (c58mt as of end-2013),'' said Barclays Equity Research.
''In our view, other synergy drivers would include improvement in the geographic mix, potential brand consolidation and lower capital costs for the combined entity,'' it added.
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