UPDATE 1-LafargeHolcim sees no large acquisitions for now after paying down debt [Reuters]
HOLCIM LTD UNSP/ADR (HCMLY)
NASDAQ:AMEX Investor Relations:
lafargeholcim.com/investor-relations
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Source: Reuters
UPDATE 1-LafargeHolcim sees no large acquisitions for now after paying down debt - Reuters 2 Min Read (Adds detail, background) ZURICH, Oct 25 (Reuters) - LafargeHolcim has distanced itself from bidding for BASF’s construction chemicals business, with the cement maker’s Chief Executive Jan Jenisch saying his company has no plans for large acquisitions at the moment. After divesting some businesses and using the proceeds to pay down debt, the Swiss company would look at smaller deals and investing in its existing operations, Jenisch said. Large deals were unlikely, with big acquisitions being considered only to accelerate growth at company’s newly formed solutions business which makes products like precast paving stones and mortars. “It’s not like we have a couple of billions we want to throw at anyone. We are quite happy to have this new solid balance sheet, and have no plans to go back to big debt,” Jenisch told reporters. “A big acquisition would have to tick a lot of boxes, and tha
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