Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

NEWS

Holcim supports resolution with U.S. regarding legacy operations in Syria

Holcim supports resolution with U.S. regarding legacy operations in Syria 40

ZURICH (Reuters) – Holcim said it supported the agreement made by Lafarge SA with the United States Department of Justice on Tuesday regarding the company’s funding of Islamic State to allow it to keep a cement plant running in Syria.

A financial penalty of $778 million and a plea agreement has been arranged to resolve the DoJ inquiry into Lafarge, which is now part of Holcim following the companies’ 2015 merger.

“None of the conduct involved Holcim, which has never operated in Syria, or any Lafarge operations or employees in the United States, and it is in stark contrast with everything that Holcim stands for,” Holcim said in a statement.

 

(Reporting by John Revill, editing by Kirsti Knolle)

 

Continue Reading