Holcim Ltd and Lafarge S.A. in the present day accomplished their world merger and have launched LafargeHolcim, a world leader within the building supplies industry.
All situations for the completion of the merger have been fulfilled following the profitable completion of the general public alternate offer and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had beforehand approved the merger-related resolutions at an Extrapeculiar General Meeting on Might 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 also unveils its new logo and corporate identification today. It has been designed to demonstrate that Holcim and Lafarge have united to kind 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: "Right this moment’s closing is a historic occasion – not only for our founding companies but additionally for the business as a whole. LafargeHolcim has a singular business portfolio, is the trade benchmark in R&D and affords its prospects the widest range of revolutionary and value-adding products, services and options – from smallholders to large enterprises and most complicated projects."
Bruno Lafont, Co-Chairman of the Board of Directors of LafargeHolcim, adds: "This new firm is built on the rich history and tradition of Lafarge and Holcim and its teams. The merger has not only resulted in a bigger and more global company 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 worth for all our stakeholders."
The new LafargeHolcim shares can 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 general public alternate supply to provide the remaining Lafarge shareholders the opportunity to additionally tender their shares. The new offer interval will begin on July 15, 2015 for a length of ten trading days till July 28th.
In April 2014 both companies had introduced their intention to merge. The Group acquired all related 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 expected within the approaching 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 focus on Cement, Aggregates and Concrete, LafargeHolcim is the world leader in the building supplies industry. The Group has one hundred fifteen,000 employees around 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 housebuilder to the most important and most complicated project with the widest range of worth-adding products, innovative companies and comprehensive building solutions. With a dedication to drive sustainable solutions for better building and infrastructure and to contribute to a higher high quality of life, the Group is best positioned to satisfy the challenges of increasing urbanization.
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