This is a summary. To read the whole story subscribe to BostonGlobe.com
The boards of Holcim and Lafarge, two of the world’s largest construction materials companies, have agreed to merge, a person close to the discussions said Sunday.
The boards of the companies backed the deal Saturday, according to the person, who was not authorized to speak publicly. The person said a formal announcement was expected as soon as Monday.
Holcim, based in Jona, Switzerland, near Zurich, and Lafarge, which is based in Paris, rank among the world’s biggest suppliers of cement and related products like stone, gravel, and sand. They had said on Friday that they were in advanced discussions to merge.
The two companies had combined worldwide revenue last year of more than $43 billion.