Holcim Ltd and Lafarge S.A. in the present day completed their international merger and have launched LafargeHolcim, a world leader within the building supplies industry.
All conditions for the completion of the merger have been fulfilled following the profitable completion of the general public exchange supply and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had beforehand approved the merger-associated resolutions at an Extrapeculiar Basic 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 become effective.
LafargeHolcim additionally unveils its new brand and corporate identification today. It has been designed to demonstrate that Holcim and Lafarge have united to kind one company, expressing the leadership and energy 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 occasion – not only for our founding firms but additionally for the business as a whole. LafargeHolcim has a novel business portfolio, is the industry benchmark in R&D and presents its prospects the widest range of progressive and value-adding products, companies and solutions – from smallholders to massive enterprises and most complex 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 bigger and more global firm however brings about a 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 Change as well because the Euronext in Paris as of July 14.
As introduced, LafargeHolcim will re-open the general public trade provide to offer the remaining Lafarge shareholders the opportunity to also tender their shares. The new offer interval will start on July 15, 2015 for a period of ten trading days until July 28th.
In April 2014 both corporations had introduced their intention to merge. The Group acquired 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 anticipated within the approaching months.
The global launch of the new company shall be celebrated on July 15, 2015. LafargeHolcim will invite to a media convention on that day.
With a well-balanced presence in ninety countries and a focus on Cement, Aggregates and Concrete, LafargeHolcim is the world leader within the building materials industry. The Group has a hundred and fifteen,000 workers around the globe and combined net sales of CHF 33 billion (EUR 27 billion) in 2014. LafargeHolcim is the industry benchmark in R&D and serves from the person housebuilder to the most important and most complex project with the widest range of worth-adding products, innovative companies and complete building solutions. With a dedication to drive maintainable solutions for higher building and infrastructure and to contribute to a higher quality of life, the Group is best positioned to meet the challenges of accelerating urbanization.
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