Lafarge Offer for Blue Circle Industries Plc

04.28.2000
 

Lafarge announces that it has undertaken to the Canadian Competition Bureau ("Bureau") that it will make such divestitures of assets of Blue Circle as the Bureau requires, so as to ensure compliance with Canadian competition law. Lafarge has also indicated to the Bureau that, prior to these divestitures, Lafarge will undertake to operate the Blue Circle Canadian businesses separately from any business of Lafarge, Lafarge Corp. or Lafarge Canada Inc.

On this basis, Lafarge considers that it has ensured that the acquisition of Blue Circle would not infringe competition law in Canada. Accordingly, Lafarge expects that the Bureau will not take any action to block or impede the acquisition of Blue Circle.

Enquiries :

Lafarge
Denis Berthu +33 1 44 34 11 11
Denis Boulet

Dresdner Kleinwort Benson +44 207 623 8000
Kieran Murphy
Rosalind Hedley-Miller

BNP Paribas +44 207 595 2000
Keith Allen

Financial Dynamics +44 207 831 3113
Steve Jacobs


Dresdner Kleinwort Benson, which is regulated in the United Kingdom by The Securities and Futures Authority Limited, is acting for Lafarge and Lafarge Minerals and no one else in connection with the Offer and will not be responsible to anyone other than Lafarge and Lafarge Minerals for providing the protections afforded to customers of Dresdner Kleinwort Benson or for giving advice in relation to the Offer.

BNP UK Corporate Finance, a division of BNP London Branch which is a branch of Banque Nationale de Paris S.A., and Paribas, the London branch of Paribas S.A., (together "BNP Paribas") which are regulated in the United Kingdom by The Securities and Futures Authority Limited, are acting for Lafarge and Lafarge Minerals and no one else in connection with the Offer and will not be responsible to anyone other than Lafarge and Lafarge Minerals for providing the protections afforded to customers of BNP Paribas or for giving advice in relation to the Offer.

Dresdner Kleinwort Benson and BNP Paribas have approved this announcement solely for the purposes of Section 57 of the Financial Services Act 1986.

 

The press release (pdf, 29.3 KB)