Holcim Ltd and Lafarge S.A. right this moment accomplished their international 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 profitable completion of the general public change provide and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had previously approved the merger-related resolutions at an Extraunusual Common 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 develop into effective.
LafargeHolcim also unveils its new emblem and corporate id 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 this time’s closing is a historic occasion – not only for our founding firms but also for the industry as a whole. LafargeHolcim has a novel enterprise portfolio, is the trade benchmark in R&D and provides its clients the widest range of revolutionary and value-adding products, services 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 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 global company but 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 mannequin and create more worth for all our stakeholders."
The new LafargeHolcim shares will likely be traded on the SIX Swiss Alternate as well because the Euronext in Paris as of July 14.
As announced, LafargeHolcim will re-open the general public change supply to provide the remaining Lafarge shareholders the opportunity to also tender their shares. The new supply period will begin on July 15, 2015 for a duration of ten trading days till July 28th.
In April 2014 both corporations had announced their intention to merge. The Group obtained 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 predicted within the approaching months.
The global launch of the new company 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 nations and a deal with Cement, Aggregates and Concrete, LafargeHolcim is the world leader within the building materials 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 trade benchmark in R&D and serves from the individual residencebuilder to the largest and most complicated project with the widest range of value-adding products, progressive providers and comprehensive building solutions. With a commitment to drive sustainable solutions for better building and infrastructure and to contribute to a higher quality of life, the Group is finest positioned to fulfill the challenges of increasing urbanization.
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