Anglo American plan Tarmac tie-up with Lafrange

Tarmac owner Anglo American and France’s Lafarge today unveiled plans to pour their cement, aggregates, ready-mixed concrete and asphalt operations into a new UK joint venture.

The two businesses recorded combined sales of £1.8bn (€2.1bn) in 2010 and are expected to generate cost savings of at least £60m (€71m) a year from the proposed tie-up, which is subject to regulatory approval.