Russia?s Federal Antimonopoly Service (FAS) will be extending the consideration period for Holcim?s application for the right to direct Lafarge business. Holcim owns 66 per cent shares of Lafarge.
Lafarge is licensed for the produ-?ction, storage and application of indu-?strial explosive materials. Therefore, Lafarge qualifies as a business entity of strategic importance for the national defense and state security.
The Holcim-Lafarge deal applied for requires prior approval as provided for by Russia?s investment law.
Holcim is seeking approval to direct Lafarge units in Russia which are; OAO Lafarge Cement (Moscow), FIANT LLC (Moscow), Lafarge Aggregates & Concrete LLC (Republic of Karelia), Drilling and Blasting Company LLC (Republic of Karelia), Bolshoy Massiv Quarry LLC (Republic of Karelia) and Tekhnobud Klesovsky Quarry of Non-Metallic Minerals LLC (Ukraine).