Holcim And Lafarge Full Merger And Create LafargeHolcim
Holcim And Lafarge Full Merger And Create LafargeHolcim
Holcim Ltd and Lafarge S.A. right now accomplished their world merger and have launched LafargeHolcim, a world leader within the building materials industry.
All conditions for the completion of the merger have been fulfilled following the successful completion of the general public exchange offer and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had previously approved the merger-associated resolutions at an Extraatypical General Assembly on Might 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 become 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 energy of the new Group.
Wolfgang Reitzle, Co-Chairman (statutory Chairman) of the Board of Directors of LafargeHolcim, says: "Right this moment’s closing is a historic event – not only for our two founding firms but in addition for the trade as a whole. LafargeHolcim has a singular business portfolio, is the industry benchmark in R&D and affords its clients the widest range of progressive and value-adding products, companies and solutions – from smallholders to massive enterprises and most advanced 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 world company however brings a couple of 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 might be traded on the SIX Swiss Exchange as well as the Euronext in Paris as of July 14.
As announced, LafargeHolcim will re-open the public change offer to provide the remaining Lafarge shareholders the opportunity to also tender their shares. The new provide interval will begin on July 15, 2015 for a period of ten trading days till July 28th.
In April 2014 both companies had introduced 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 those transactions is expected within the approaching months.
The worldwide launch of the new company shall be celebrated on July 15, 2015. LafargeHolcim will invite to a media convention on that day.
About LafargeHolcim
With a well-balanced presence in 90 countries and a give attention to Cement, Aggregates and Concrete, LafargeHolcim is the world leader within the building materials industry. The Group has one hundred fifteen,000 workers world wide 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 individual housebuilder to the most important and most complex project with the widest range of value-adding products, innovative services and complete building solutions. With a commitment to drive maintainable options for higher building and infrastructure and to contribute to a higher high quality of life, the Group is greatest positioned to satisfy the challenges of increasing urbanization.
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All conditions for the completion of the merger have been fulfilled following the successful completion of the general public exchange offer and the issuance of new Holcim shares to Lafarge shareholders.
Holcim’s shareholders had previously approved the merger-associated resolutions at an Extraatypical General Assembly on Might 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 become 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 energy of the new Group.
Wolfgang Reitzle, Co-Chairman (statutory Chairman) of the Board of Directors of LafargeHolcim, says: "Right this moment’s closing is a historic event – not only for our two founding firms but in addition for the trade as a whole. LafargeHolcim has a singular business portfolio, is the industry benchmark in R&D and affords its clients the widest range of progressive and value-adding products, companies and solutions – from smallholders to massive enterprises and most advanced 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 world company however brings a couple of 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 might be traded on the SIX Swiss Exchange as well as the Euronext in Paris as of July 14.
As announced, LafargeHolcim will re-open the public change offer to provide the remaining Lafarge shareholders the opportunity to also tender their shares. The new provide interval will begin on July 15, 2015 for a period of ten trading days till July 28th.
In April 2014 both companies had introduced 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 those transactions is expected within the approaching months.
The worldwide launch of the new company shall be celebrated on July 15, 2015. LafargeHolcim will invite to a media convention on that day.
About LafargeHolcim
With a well-balanced presence in 90 countries and a give attention to Cement, Aggregates and Concrete, LafargeHolcim is the world leader within the building materials industry. The Group has one hundred fifteen,000 workers world wide 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 individual housebuilder to the most important and most complex project with the widest range of value-adding products, innovative services and complete building solutions. With a commitment to drive maintainable options for higher building and infrastructure and to contribute to a higher high quality of life, the Group is greatest positioned to satisfy the challenges of increasing urbanization.
In the event you loved this article and you would want to receive more info about lafarge holcim kindly visit the page.