Holcim And Lafarge Complete Merger And Create LafargeHolcim
Holcim Ltd and Lafarge S.A. at present accomplished their international merger and have launched LafargeHolcim, a world leader in the building materials industry.
All circumstances for the completion of the merger have been fulfilled following the profitable completion of the public exchange supply and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had previously approved the merger-related resolutions at an Extrapeculiar General Assembly on Might eight, 2015. With the completion of the merger the mandate of the new Board of Directors and of the new Executive Committee with Eric Olsen as CEO has become effective.
LafargeHolcim also unveils its new brand and corporate identity today. It has been designed to demonstrate that Holcim and Lafarge have united to kind one company, expressing the leadership and power of the new Group.
Wolfgang Reitzle, Co-Chairman (statutory Chairman) of the Board of Directors of LafargeHolcim, says: "At the moment’s closing is a historic occasion – not only for our two founding corporations but in addition for the trade as a whole. LafargeHolcim has a unique enterprise portfolio, is the trade benchmark in R&D and provides its clients the widest range of innovative and value-adding products, services and options – from smallholders to massive enterprises and most complicated projects."
Bruno Lafont, Co-Chairman of the Board of Directors of LafargeHolcim, adds: "This new company is constructed on the rich history and tradition of Lafarge and Holcim and its teams. The merger has not only resulted in a bigger and more world company but brings a couple of distinctive set of complementary capabilities to capitalize on. Under the leadership of Eric Olsen, the new Group will foster a new operating model and create more value for all our stakeholders."
The new LafargeHolcim shares will be traded on the SIX Swiss Exchange as well as the Euronext in Paris as of July 14.
As introduced, LafargeHolcim will re-open the general public alternate provide to present the remaining Lafarge shareholders the opportunity to also tender their shares. The new provide interval will begin on July 15, 2015 for a length of ten trading days till July 28th.
In April 2014 each corporations had announced their intention to merge. The Group received all relevant anti-trust approvals within the anticipated timeframe following a proactive dialogue with the respective authorities. In this context, operations in Europe, the US, Canada, Brazil, India, the Philippines, and Mauritius are being divested. Completion of these transactions is expected within the approaching months.
The global launch of the new company will probably be celebrated on July 15, 2015. LafargeHolcim will invite to a media conference on that day.
About LafargeHolcim With a well-balanced presence in ninety countries and a give attention to Cement, Aggregates and Concrete, LafargeHolcim is the world leader within the building supplies industry. The Group has one hundred fifteen,000 workers all over the world and combined net sales of CHF 33 billion (EUR 27 billion) in 2014. LafargeHolcim is the trade benchmark in R&D and serves from the individual residencebuilder to the largest and most advanced project with the widest range of value-adding products, revolutionary providers and comprehensive building solutions. With a dedication to drive maintainable options for higher building and infrastructure and to contribute to a higher quality of life, the Group is best positioned to fulfill the challenges of accelerating urbanization.
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