Yesterday, while Lafarge was announcing a 750 million Euro bond issue to solidify its short term dept, Holcim was suprrising many in the industry by announcing an acquisition of Cemex assets in Austrialia for a significant 1.6 billion dollars. Analysts characterized the deal as “too good to pass up” for Holcim. Still, in the current business environment, this is a bold move and one that demonstrates a financial position of strength for Holcim.
As Cemex and other players look to liquidate non core assets, will others be able to capitalize?