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Holcim And Lafarge Complete Merger And Create LafargeHolcim
Holcim Ltd and Lafarge S.A. right this moment completed their global merger and have launched LafargeHolcim, a world leader within the building supplies industry.
All circumstances 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 previously approved the merger-associated resolutions at an Extraabnormal General 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 out to be effective.
LafargeHolcim also unveils its new logo and corporate identity today. It has been designed to demonstrate that Holcim and Lafarge have united to form 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: "Today’s closing is a historic event – not only for our two founding firms but additionally for the business as a whole. LafargeHolcim has a unique business portfolio, is the industry benchmark in R&D and provides its prospects the widest range of modern and worth-adding products, companies and options – 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 tradition of Lafarge and Holcim and its teams. The merger has not only resulted in a larger and more global company however brings a couple of unique 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 might be traded on the SIX Swiss Alternate as well because the Euronext in Paris as of July 14.
As introduced, LafargeHolcim will re-open the public change offer to present the remaining Lafarge shareholders the opportunity to additionally tender their shares. The new offer interval will start on July 15, 2015 for a duration of ten trading days until July 28th.
In April 2014 each companies had announced their intention to merge. The Group received all related 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 predicted within the coming months.
The global launch of the new firm can be celebrated on July 15, 2015. LafargeHolcim will invite to a media convention on that day.
With a well-balanced presence in ninety nations and a focus on Cement, Aggregates and Concrete, LafargeHolcim is the world leader in the building materials industry. The Group has one hundred fifteen,000 employees all over the world and mixed 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 biggest and most complex project with the widest range of value-adding products, revolutionary companies and comprehensive building solutions. With a dedication to drive sustainable options for better building and infrastructure and to contribute to a higher high quality of life, the Group is finest positioned to meet the challenges of accelerating urbanization.