ZURICH (Reuters) - A top-10 shareholder in Holcim (VX:HOLN) said on Monday a planned merger with French rival Lafarge (PA:LAFP) could collapse if deal terms are not renegotiated in the Swiss cement maker's favor.
The shareholder, who declined to be named, said Zurich-based Holcim will seek stronger representation on the combined company's board, which had originally been set at seven representatives from both firms.