Lafarge Surma Cement Limited (DSE:LAFSURCEML) agreed to acquire Holcim Cement (Bangladesh) Ltd from Holderfin B.V. for approximately BDT 5.14 billion on December 14, 2016. As of December 23, 2016, Lafarge Surma Cement Limited (DSE:LAFSURCEML) entered into a sale and purchase agreement to acquire Holcim Cement (Bangladesh) Ltd from Holderfin B.V. for approximately BDT 5.14 billion. Under the terms, Lafarge Surma Cement Limited will acquire 100% shares of Holcim Cement (Bangladesh) Ltd. As of December 27, 2017, Lafarge Surma Cement Limited has reduced the purchase price to BDT 5.19 billion. The consideration amount was taken from internal resources of LafargeHolcimand from banks. The transaction is subject to approval by the shareholders of Lafarge Surma Cement Limited as well as other regulatory and customary approvals in Bangladesh and was approved by the Board of Lafarge Surma Cement Limited on December 14, 2016. As announced on January 9, 2017, Extraordinary General Meeting of the shareholders of Lafarge Surma Cement Limited will be held on January 31, 2017 to consider and approve the transaction. As on January 31, 2017, the shareholders of Lafarge Surma Cement Limited approved the transaction and name change of Lafarge Surma Cement Limited to LafargeHolcim Bangladesh Limited. As of September 19, 2017, the Bangladesh Bank approved the transfer of 0.08 million shares of Holcim Cement (Bangladesh) Ltd to LafargeHolcim Bangladesh Limited. As of 29 November 2018, board of LafargeHolcim approved the amalgamation of Holcim Cement (Bangladesh) Limited with LafargeHolcim Bangladesh Limited. The approval is subject to requisite approval of the banks and other creditors to the Company, approval of the shareholders of the LafargeHolcim Bangladesh Limited, and finally, the sanction of the Hon'ble High Court Division of the Supreme Court of Bangladesh. The Shareholders and the creditors of the LafargeHolcim at the extraordinary general meeting and creditors meetings held on March 21, 2019 have approved the scheme of amalgamation. The amalgamation of the Company is currently in process. Lafarge Surma Cement Limited (DSE:LAFSURCEML) completed the acquisition of Holcim Cement (Bangladesh) Ltd from Holderfin B.V. for approximately BDT 5.14 billion on January 7, 2018.