Holcim And Lafarge Complete Merger And Create LafargeHolcim
Holcim Ltd and Lafarge S.A. in the present day accomplished their international merger and have launched LafargeHolcim, a world leader in the building supplies industry.
All situations for the completion of the merger have been fulfilled following the profitable completion of the general public alternate supply and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had previously approved the merger-related resolutions at an Extraordinary Normal Meeting on Could 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 turn out to be effective.
LafargeHolcim also unveils its new logo and corporate identification today. It has been designed to demonstrate that Holcim and Lafarge have united to form one company, expressing the leadership and strength of the new Group.
Wolfgang Reitzle, Co-Chairman (statutory Chairman) of the Board of Directors of LafargeHolcim, says: "As we speak’s closing is a historic event – not only for our founding firms but additionally for the industry as a whole. LafargeHolcim has a unique enterprise portfolio, is the industry benchmark in R&D and offers its clients the widest range of modern and value-adding products, services and solutions – from smallholders to giant enterprises and most advanced projects."
Bruno Lafont, Co-Chairman of the Board of Directors of LafargeHolcim, adds: "This new company is constructed on the rich history and culture of Lafarge and Holcim and its teams. The merger has not only resulted in a bigger and more international firm 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 working mannequin and create more worth for all our stakeholders."
The new LafargeHolcim shares will likely be traded on the SIX Swiss Alternate as well as the Euronext in Paris as of July 14.
As introduced, LafargeHolcim will re-open the public alternate provide to offer the remaining Lafarge shareholders the chance to additionally tender their shares. The new offer interval will start on July 15, 2015 for a length of ten trading days until July 28th.
In April 2014 both corporations had announced their intention to merge. The Group obtained 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 those transactions is expected within the coming months.
The worldwide launch of the new company can be celebrated on July 15, 2015. LafargeHolcim will invite to a media conference on that day.
About LafargeHolcim With a well-balanced presence in 90 international locations and a concentrate on Cement, Aggregates and Concrete, LafargeHolcim is the world leader within the building supplies industry. The Group has 115,000 employees around the globe 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 housebuilder to the largest and most complicated project with the widest range of value-adding products, revolutionary companies and complete building solutions. With a commitment to drive maintainable options for better building and infrastructure and to contribute to a higher quality of life, the Group is finest positioned to meet the challenges of increasing urbanization.
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