Holcim Ltd and Lafarge S.A. at this time accomplished their world merger and have launched LafargeHolcim, a world leader in the building materials industry.
All situations for the completion of the merger have been fulfilled following the profitable completion of the general public change offer and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had beforehand approved the merger-related resolutions at an Extraabnormal Normal Meeting on Could 8, 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 into effective.
LafargeHolcim additionally unveils its new brand and corporate id 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: "Right now’s closing is a historic event – not only for our two founding corporations but additionally for the business as a whole. LafargeHolcim has a singular business portfolio, is the industry benchmark in R&D and offers its prospects the widest range of revolutionary and worth-adding products, services and solutions – from smallholders to large enterprises and most advanced projects."
Bruno Lafont, Co-Chairman of the Board of Directors of LafargeHolcim, adds: "This new firm is built on the rich history and tradition of Lafarge and Holcim and its teams. The merger has not only resulted in a larger and more global firm however brings a few 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 announced, LafargeHolcim will re-open the public trade offer to offer the remaining Lafarge shareholders the opportunity to additionally tender their shares. The new supply period will start on July 15, 2015 for a period 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 coming months.
The global launch of the new firm will probably be celebrated on July 15, 2015. LafargeHolcim will invite to a media conference on that day.
With a well-balanced presence in 90 countries and a give attention to Cement, Aggregates and Concrete, LafargeHolcim is the world leader within the building supplies industry. The Group has 115,000 staff around the globe and mixed net sales of CHF 33 billion (EUR 27 billion) in 2014. LafargeHolcim is the trade benchmark in R&D and serves from the person residencebuilder to the largest and most complicated project with the widest range of worth-adding products, innovative providers and comprehensive building solutions. With a commitment to drive sustainable options for higher building and infrastructure and to contribute to a higher high quality of life, the Group is greatest positioned to fulfill the challenges of increasing urbanization.
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