Article: Swiss-owned Holcim uses SA policy for competitive clout.(Business Report)

BYLINE: Sello Rasethaba

Black business bestowed a BEE Deal of the Year Award to Holcim International for selling a majority stake to the Afrisam consortium.

Business Report reported last week that Aveng, South Africa's biggest construction and engineering company, would sell its entire 45.65 percent shareholding in cement producer Holcim SA for R7.4 billion, paving the way for the country's biggest black economic empowerment (BEE) transaction.

The decision took some analysts by surprise, particularly as Aveng's chief executive, Carl Grim, has been an outspoken critic of the Holcim-AfriSam transaction, saying the company would not allow an ...

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