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The Concrete Times Summer 2015

The CONCRETE Times • SUMMER 15 INDUSTRY NEWS LAFARGE HOLCIM MERGER COMPLETED NEWLY CREATED ENTITY LAUNCHED ON JULY 15, 2015, CREATING WORLD’S LARGEST AGGGREGATE PRODUCER WITH GLOBAL SALES OF $40 Billion in 90 countries AND 115,000 EMPLOYEES. 8 The merger of Holcim and Lafarge has been completed with the newly created company emerging as the largest aggregate producer in the world. All conditions to complete the Holcim merger with Lafarge were completed on July 10, 2015, following the success of the public exchange offer. This activates the new Board of Directors and new CEO Eric Olsen. “This new company is built on the rich history and culture of Lafarge and Holcim and its teams,” sais Co-Chairman of the LafargeHolcim Board of Directors and former CEO of Lafarge, Bruno Lafont. “The merger has not only resulted in a larger and more global company but brings about a unique set of complementary capabilities to capitalise on. Under the leadership of Eric Olsen, the new Group will foster a new operating model and create more value for all our stakeholders.” According to Reuters, Holcim holds 87.46 percent of the share capital of Lafarge and approximately 83 percent of the French company’s voting rights. LafargeHolcim shares will be traded on the SIX Swiss Exchange and the Euronext in Paris starting on July 14, 2015. Lafont’s fellow co-chairman and former Holcim Chairman, Wolfgang Reitzle said, “Today’s closing is a historic event – not only for our two founding companies but also for the industry as a whole,” said Reitzle. “LafargeHolcim has a unique business portfolio, is the industry benchmark in R&D and offers its customers the widest range of innovative and value-adding products, services and solutions – from smallholders to large enterprises and most complex projects.”


The Concrete Times Summer 2015
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