The cement firm Holcim has confirmed that, having acquired or received acceptances from shareholders for more than 90 per cent of the Aggregate Industries shares, it will proceed to acquire compulsorily the remaining shares.

The bid offer of 138p per share will put a value on Aggregate Industries of something like £1.

8 billion.

Holcim, which is based in Zurich in Switzerland, is one of the world’s leading suppliers of cement.

The company is also known for providing gravel, sand and concrete and construction-related services.

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