Holcim Ltd and Lafarge S.A. today completed their global merger and have launched LafargeHolcim, a world leader within the building materials industry.
All situations for the completion of the merger have been fulfilled following the profitable completion of the public exchange offer and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had previously approved the merger-associated resolutions at an Extraextraordinary Normal Assembly 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 develop into effective.
LafargeHolcim also unveils its new logo and corporate identification today. It has been designed to demonstrate that Holcim and Lafarge have united to type 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: "Today’s closing is a historic occasion – not only for our founding corporations but in addition for the industry as a whole. LafargeHolcim has a unique enterprise portfolio, is the business benchmark in R&D and provides its customers the widest range of innovative and worth-adding products, services and options – from smallholders to giant enterprises and most complicated 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 about a distinctive set of complementary capabilities to capitalize on. Under the leadership of Eric Olsen, the new Group will foster a new operating mannequin and create more worth for all our stakeholders."
The new LafargeHolcim shares will be traded on the SIX Swiss Change as well because the Euronext in Paris as of July 14.
As announced, LafargeHolcim will re-open the public trade supply to give the remaining Lafarge shareholders the opportunity to additionally tender their shares. The new offer period will begin on July 15, 2015 for a duration of ten trading days until July 28th.
In April 2014 both companies had introduced their intention to merge. The Group received 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 anticipated within the approaching months.
The worldwide launch of the new firm will likely be celebrated on July 15, 2015. LafargeHolcim will invite to a media conference on that day.
With a well-balanced presence in ninety countries 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 staff around the globe 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 housebuilder to the most important and most complex project with the widest range of worth-adding products, modern providers and complete 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 finest positioned to fulfill the challenges of increasing urbanization.
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