Holcim And Lafarge Complete Merger And Create LafargeHolcim
Holcim Ltd and Lafarge S.A. at this time accomplished their world 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 successful completion of the general public trade supply and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had previously approved the merger-related resolutions at an Extraunusual Normal Meeting on Could eight, 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 type 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: "At the moment’s closing is a historic event – not only for our founding firms but also for the business as a whole. LafargeHolcim has a singular enterprise portfolio, is the business benchmark in R&D and gives its prospects the widest range of modern and worth-adding products, providers and solutions – from smallholders to large 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 international firm however brings about a unique 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 likely be traded on the SIX Swiss Alternate as well as the Euronext in Paris as of July 14.
As introduced, LafargeHolcim will re-open the general public change supply to present the remaining Lafarge shareholders the chance to additionally tender their shares. The new supply interval will begin on July 15, 2015 for a period of ten trading days till July 28th.
In April 2014 both firms had introduced their intention to merge. The Group received all relevant 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 these transactions is anticipated within the approaching months.
The global launch of the new firm will be celebrated on July 15, 2015. LafargeHolcim will invite to a media convention on that day.
About LafargeHolcim
With a well-balanced presence in ninety international locations and a give attention to Cement, Aggregates and Concrete, LafargeHolcim is the world leader within the building materials industry. The Group has 115,000 staff around the world and combined net sales of CHF 33 billion (EUR 27 billion) in 2014. LafargeHolcim is the industry benchmark in R&D and serves from the person housebuilder to the biggest and most advanced project with the widest range of worth-adding products, revolutionary providers and comprehensive building solutions. With a dedication to drive maintainable solutions for higher building and infrastructure and to contribute to a higher quality of life, the Group is greatest positioned to fulfill the challenges of accelerating urbanization.
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All circumstances for the completion of the merger have been fulfilled following the successful completion of the general public trade supply and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had previously approved the merger-related resolutions at an Extraunusual Normal Meeting on Could eight, 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 type 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: "At the moment’s closing is a historic event – not only for our founding firms but also for the business as a whole. LafargeHolcim has a singular enterprise portfolio, is the business benchmark in R&D and gives its prospects the widest range of modern and worth-adding products, providers and solutions – from smallholders to large 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 international firm however brings about a unique 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 likely be traded on the SIX Swiss Alternate as well as the Euronext in Paris as of July 14.
As introduced, LafargeHolcim will re-open the general public change supply to present the remaining Lafarge shareholders the chance to additionally tender their shares. The new supply interval will begin on July 15, 2015 for a period of ten trading days till July 28th.
In April 2014 both firms had introduced their intention to merge. The Group received all relevant 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 these transactions is anticipated within the approaching months.
The global launch of the new firm will be celebrated on July 15, 2015. LafargeHolcim will invite to a media convention on that day.
About LafargeHolcim
With a well-balanced presence in ninety international locations and a give attention to Cement, Aggregates and Concrete, LafargeHolcim is the world leader within the building materials industry. The Group has 115,000 staff around the world and combined net sales of CHF 33 billion (EUR 27 billion) in 2014. LafargeHolcim is the industry benchmark in R&D and serves from the person housebuilder to the biggest and most advanced project with the widest range of worth-adding products, revolutionary providers and comprehensive building solutions. With a dedication to drive maintainable solutions for higher building and infrastructure and to contribute to a higher quality of life, the Group is greatest positioned to fulfill the challenges of accelerating urbanization.
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