Lakshmi Mittal buys Lafarge, AA assets
- Army out for relief in Chennai amid heavy rain, air services suspended
- Today, protest means sedition in India, says Rahul; Modi asserts people don't need to prove patriotism
- 'Real dirt' of India lies in minds, not streets: President Pranab Mukherjee
- Chidambaram hits out at govt after IT raids on son's firms
- Patidar quota agitation: Gujarat HC calls reservation an 'amoeboid monster '
Britain's Competition Commission began looking into the proposed venture, which would have rung up annual sales worth 1.8 billion pounds ($2.9 billion) in 2010, after the tie-up was challenged by the country's consumer affairs watchdog, the Office of Fair Trading, in September last year.
Lafarge's Hope cement plant in northern England is one of the largest in Britain, and regulators hoped its sale will bring in a new player to maintain the current level of competition. The UK cement market is dominated by Lafarge, Tarmac, Cemex and HeidelbergCement's Hanson.
Lafarge shares were up 0.2 percent at 45.72 euros on the CAC40 index in early trade, while Anglo American was trading 0.3 percent higher at 1,695 pence on London's FTSE100 index. ArcelorMittal shares were 0.1 percent higher.
- Rajnath Singh's speech mocked the ideals that Ambedkar stood for
- Government should act on Jaitley’s criticism of Section 377, not look to the courts
- India will require greater ambition on increasing renewable energy
- Tactics that worked against tobacco can be used to thwart air polluters
- Not just an esoteric celebrity
- Under General Sharif, Pakistan army is carrying low-intensity war against diversity of opinion