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NewsLafarge merger with Holcim could pave way to synergistic acquisition, says RHB Research
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Lafarge merger with Holcim could pave way to synergistic acquisition, says RHB Research
by Cals Tue 08 Apr 2014, 12:57
| Lafarge merger with Holcim could pave way to synergistic acquisition, says RHB Research |
| Business & Markets 2014 |
| Written by theedgemalaysia.com |
| Tuesday, 08 April 2014 09:47 |
KUALA LUMPUR (April 8): RHB Research has maintained its Buy rating on Lafarge Malaysia Bhd with an unchanged fair value of RM9.61 and said it welcomed the news that Lafarge SA and Holcim Ltd had agreed to merge and create the world’s biggest cement maker.
In a note Tuesday, the research house said this may lead to merger with/acquisition of Holcim Malaysia that RHB Research deemed synergistic and would fortify Lafarge Malaysia’s leading position in West Malaysia’s cement market.
“No announcement on this has been made, though.
“That said, we keep our Buy call and RM9.61 fair value,” it said.
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