Holcim Ltd and Lafarge S.A. right this moment accomplished their global merger and have launched LafargeHolcim, a world leader in the building materials industry.
All situations for the completion of the merger have been fulfilled following the profitable completion of the public alternate offer and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had previously approved the merger-related resolutions at an Extraunusual Common Assembly 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 develop into effective.
LafargeHolcim additionally 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 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 occasion – not only for our founding firms but also for the business as a whole. LafargeHolcim has a unique enterprise portfolio, is the industry benchmark in R&D and provides its customers the widest range of progressive and value-adding products, services and solutions – from smallholders to giant enterprises and most complicated projects."
Bruno Lafont, Co-Chairman of the Board of Directors of LafargeHolcim, adds: "This new firm is constructed on the rich history and culture of Lafarge and Holcim and its teams. The merger has not only resulted in a bigger and more global firm but brings a few unique 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 shall 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 trade supply to offer the remaining Lafarge shareholders the chance to additionally tender their shares. The new offer interval will start on July 15, 2015 for a length of ten trading days until July 28th.
In April 2014 each companies had introduced their intention to merge. The Group acquired 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 these transactions is expected within the coming months.
The global launch of the new firm might be celebrated on July 15, 2015. LafargeHolcim will invite to a media conference on that day.
With a well-balanced presence in 90 countries and a focus on Cement, Aggregates and Concrete, LafargeHolcim is the world leader in the building materials industry. The Group has 115,000 workers all over 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 person housebuilder to the biggest and most complex project with the widest range of worth-adding products, progressive providers and comprehensive building solutions. With a commitment to drive sustainable solutions for higher building and infrastructure and to contribute to a higher high quality of life, the Group is best positioned to meet the challenges of accelerating urbanization.
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