LafargeHolcim expects to fund half of Firestone acquisition from own cash

  • 1/7/2021
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LafargeHolcim will be able to fund half of the $3.4 billion price for Firestone Building Products from its existing cash position, Chief Executive Jan Jenisch said on Thursday. “We don’t need to finance the full consideration of $3.4 billion,” Jenisch told a conference call. LafargeHolcim would still probably issue bonds to pay for part of the acquisition, although the details are still to be decided, he said.

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