Holcim investors backed a capital increase in a vote on paving the way for the Swiss cement maker?s planned $40 billion merger with France?s Lafarge.
More than 93 percent of those present at the recently held extra-ordinary general meeting voted to approve a capital increase to fund the Lafarge tie-up, clear of the required two-thirds majority.
Securing shareholder backing was one of the last major hurdles for the merger, which was first announced in April last year and had come close to collapse.