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Holcim And Lafarge Complete Merger And Create LafargeHolcim
Holcim Ltd and Lafarge S.A. at this time completed their global merger and have launched LafargeHolcim, a world leader within the building materials industry.
All conditions for the completion of the merger have been fulfilled following the successful completion of the public alternate provide and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had beforehand approved the merger-related resolutions at an Extrabizarre Normal Meeting on May 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 change into effective.
LafargeHolcim also unveils its new emblem and corporate identity 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: "At this time’s closing is a historic occasion – not only for our founding companies but in addition for the business as a whole. LafargeHolcim has a novel business portfolio, is the trade benchmark in R&D and offers its customers the widest range of revolutionary and worth-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 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 international company but brings a few 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 might be traded on the SIX Swiss Trade as well as the Euronext in Paris as of July 14.
As announced, LafargeHolcim will re-open the general public change supply to present the remaining Lafarge shareholders the opportunity to additionally tender their shares. The new provide period will begin on July 15, 2015 for a period of ten trading days until July 28th.
In April 2014 both corporations had announced their intention to merge. The Group acquired 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 worldwide launch of the new company shall be celebrated on July 15, 2015. LafargeHolcim will invite to a media conference on that day.
With a well-balanced presence in ninety international locations and a deal with 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 industry benchmark in R&D and serves from the individual residencebuilder to the largest and most complex project with the widest range of worth-adding products, progressive providers and comprehensive 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 greatest positioned to fulfill the challenges of accelerating urbanization.
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