Holcim Ltd and Lafarge S.A. right now accomplished their world merger and have launched LafargeHolcim, a world leader within the building supplies industry.
All conditions for the completion of the merger have been fulfilled following the profitable completion of the general public trade provide and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had beforehand approved the merger-related resolutions at an Extrapeculiar 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 brand and corporate id today. It has been designed to demonstrate that Holcim and Lafarge have united to kind one firm, expressing the leadership and energy 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 firms but also for the business as a whole. LafargeHolcim has a singular business portfolio, is the business benchmark in R&D and offers its customers the widest range of progressive and worth-adding products, providers and options – from smallholders to massive 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 culture of Lafarge and Holcim and its teams. The merger has not only resulted in a larger and more international firm 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 model and create more worth for all our stakeholders."
The new LafargeHolcim shares will probably be traded on the SIX Swiss Alternate as well because the Euronext in Paris as of July 14.
As introduced, LafargeHolcim will re-open the public alternate supply to give the remaining Lafarge shareholders the opportunity to also tender their shares. The new provide period will begin on July 15, 2015 for a period of ten trading days till July 28th.
In April 2014 each companies had announced 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 expected within the approaching months.
The worldwide launch of the new company might be celebrated on July 15, 2015. LafargeHolcim will invite to a media conference 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 supplies industry. The Group has 115,000 employees world wide 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 complex project with the widest range of worth-adding products, modern services and comprehensive building solutions. With a commitment to drive sustainable options 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 accelerating urbanization.
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