Holcim And Lafarge Full Merger And Create LafargeHolcim
All circumstances for the completion of the merger have been fulfilled following the successful completion of the general public exchange provide and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had beforehand approved the merger-related resolutions at an Extraabnormal Common Assembly on Could eight, 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 develop 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 form one firm, expressing the leadership and power of the new Group.
Wolfgang Reitzle, Co-Chairman (statutory Chairman) of the Board of Directors of LafargeHolcim, says: "Right this moment’s closing is a historic occasion – not only for our founding corporations but in addition for the business as a whole. LafargeHolcim has a unique enterprise portfolio, is the trade benchmark in R&D and offers its customers the widest range of revolutionary and worth-adding products, providers and solutions – from smallholders to giant 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 culture of Lafarge and Holcim and its teams. The merger has not only resulted in a larger and more international company however 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 model and create more worth for all our stakeholders."
The new LafargeHolcim shares can 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 trade offer to present the remaining Lafarge shareholders the chance to additionally tender their shares. The new offer period will begin on July 15, 2015 for a duration of ten trading days till July 28th.
In April 2014 each corporations had introduced their intention to merge. The Group obtained 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 these transactions is anticipated within the coming months.
The worldwide launch of the new firm will 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 give attention to Cement, Aggregates and Concrete, LafargeHolcim is the world leader in the building materials industry. The Group has a hundred and fifteen,000 employees all over the world and combined net sales of CHF 33 billion (EUR 27 billion) in 2014. LafargeHolcim is the trade benchmark in R&D and serves from the individual housebuilder to the biggest and most complicated project with the widest range of worth-adding products, innovative services and comprehensive building solutions. With a dedication to drive maintainable solutions for better building and infrastructure and to contribute to a higher quality of life, the Group is finest positioned to satisfy the challenges of accelerating urbanization.
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