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Lafarge, Holcim shares up on private equity bid report

Reuters - UK Focus

LONDON, June 4 (Reuters) - Shares in construction companies Lafarge (Munich: CIL.MU - news) and Holcim (Other OTC: HCMLF - news) rose on Wednesday, with traders citing a Bloomberg News report of private equity interest in some of their assets.

The report said CVC (Taiwan OTC: 4744.TWO - news) and KKR (Frankfurt: A1C10P - news) were considering a $6.8 billion bid for some of the assets to be sold by Lafarge and Holcim, as part of a planned merger.

Lafarge was up by 2.4 percent, while Holcim's shares were up by 1.6 percent.

CVC, KKR, Lafarge and Holcim were not immediately available for comment.

(Reporting by Sudip Kar-Gupta, Caroline Copley, Gilles Guillaume, Sophie Sassard and Anjuli Davies; Editing by Lionel Laurent)