Holcim Ltd and Lafarge S.A. right this moment completed their international 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 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-associated resolutions at an Extraunusual Normal Meeting on Could 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 additionally unveils its new logo and corporate id 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: "At this time’s closing is a historic event – not only for our founding corporations but additionally for the business as a whole. LafargeHolcim has a novel enterprise portfolio, is the industry benchmark in R&D and gives its customers the widest range of modern and worth-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 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 distinctive 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 value for all our stakeholders."
The new LafargeHolcim shares can 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 public change provide to present the remaining Lafarge shareholders the opportunity to additionally tender their shares. The new provide interval will begin on July 15, 2015 for a period of ten trading days until July 28th.
In April 2014 each firms 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 those transactions is anticipated within the coming months.
The global launch of the new company might be celebrated on July 15, 2015. LafargeHolcim will invite to a media convention on that day.
With a well-balanced presence in 90 countries and a concentrate on 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 business benchmark in R&D and serves from the individual dwellingbuilder to the largest and most complicated project with the widest range of value-adding products, revolutionary 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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