U.S. News

Holcim Buys St. Lawrence Cement Shares

Holcim said Wednesday it has completed the compulsory acquisition of minority shares in Canada's St. Lawrence Cement.

The Swiss cement giant said it paid 681 million Canadian dollars (US$643.4 million) for the purchase of all the remaining St. Lawrence shares, which was required under Canadian law. The two companies agreed on the deal in July.

St. Lawrence shares have been de-listed from the Toronto Stock Exchange since Monday, Holcim said in a statement. Holcim shares fell 1% to 118.50 Swiss francs (US$98.43) in Zurich.