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Holcim And Lafarge Complete Merger And Create LafargeHolcim
Holcim Ltd and Lafarge S.A. at present 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 successful completion of the public alternate supply and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had beforehand approved the merger-associated resolutions at an Extrabizarre Common Assembly 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 turn into effective.
LafargeHolcim also unveils its new logo and corporate identity today. It has been designed to demonstrate that Holcim and Lafarge have united to type 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: "At present’s closing is a historic event – not only for our two founding firms but also for the trade as a whole. LafargeHolcim has a singular business portfolio, is the business benchmark in R&D and affords its customers the widest range of modern and value-adding products, providers and options – from smallholders to large enterprises and most complex 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 bigger and more world company 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 can be traded on the SIX Swiss Alternate as well as the Euronext in Paris as of July 14.
As introduced, LafargeHolcim will re-open the general public exchange supply to offer the remaining Lafarge shareholders the opportunity to additionally tender their shares. The new supply period will begin on July 15, 2015 for a period of ten trading days until July 28th.
In April 2014 both firms had introduced their intention to merge. The Group acquired all relevant anti-trust approvals within the expected 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 anticipated within the approaching months.
The global launch of the new firm will likely be celebrated on July 15, 2015. LafargeHolcim will invite to a media convention on that day.
With a well-balanced presence in 90 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 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 person homebuilder to the largest and most advanced project with the widest range of value-adding products, modern providers and complete 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 greatest positioned to satisfy the challenges of increasing urbanization.
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