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Holcim And Lafarge Complete Merger And Create LafargeHolcim
Holcim Ltd and Lafarge S.A. right this moment completed their world 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 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 Extraodd Common Assembly 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 grow to be effective.
LafargeHolcim additionally 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 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 event – not only for our two founding firms but additionally for the trade as a whole. LafargeHolcim has a novel enterprise portfolio, is the trade benchmark in R&D and offers its prospects the widest range of innovative and worth-adding products, services and options – from smallholders to large 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 larger and more world firm but brings about a unique 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 value for all our stakeholders."
The new LafargeHolcim shares will likely be traded on the SIX Swiss Change as well as the Euronext in Paris as of July 14.
As introduced, LafargeHolcim will re-open the public change offer to offer the remaining Lafarge shareholders the opportunity to also 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 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 will likely 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 give attention to Cement, Aggregates and Concrete, LafargeHolcim is the world leader in the building supplies industry. The Group has 115,000 staff all over the world and mixed net sales of CHF 33 billion (EUR 27 billion) in 2014. LafargeHolcim is the business benchmark in R&D and serves from the individual homebuilder to the most important and most advanced project with the widest range of value-adding products, innovative companies and comprehensive building solutions. With a commitment to drive maintainable solutions 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.