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LafargeHolcim Makes Offer For Heracles Remaining Stake

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The globe's largest cement creator LafargeHolcim has proposed to buy out the remaining shares it hasn't acquired, in Greek company Heracles.

The cement maker already owns approximately 90% of Heracles; under Greek law LafargeHolcim must put an offer for the left over shares.

LafargeHolcim will pay the purchasing price of 1.23 euros a share for the 11% remainder, according to Reuters. Heracles is the nation's biggest cement manufacturer.

(Source: Reuters)