The European Commission has approved the proposed merger of building materials firm Lafarge and Holcim.

The two firms have finalised the list of assets for divestment in Europe, which with the exception of a very slight change in France essentially corresponds to the list presented in October.

"We are very pleased with the positive decision of the European Commission. It also reflects the quality of the preparatory work performed by both teams so far in creating the most advanced company in our industry. With this decision, we remain firmly on track for a closing in the first half of 2015," commented Professor Dr Wolfgang Reitzle, designated Chairman of the Board of Directors and Bruno Lafont, designated CEO of the future combined company.

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Lafarge and Holcim will continue to pursue negotiations for the sale of the assets with potential buyers, who will have to be pre-approved by the European Commission. The divestments remain subject to the completion of the merger, including a successful public exchange offering and approval by Holcim's shareholders in the second quarter of 2015.

(CD/MH)