Holcim and Lafarge complete merger to create LafargeHolcim

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Europe: Holcim Ltd and Lafarge SA have completed their global merger and have launched LafargeHolcim. The merger completion was dated 10 July 2015. All conditions for the completion of the merger were fulfilled following the successful completion of the public exchange offer and the issuance of new Holcim shares to Lafarge shareholders. Holcim's shareholders had previously approved the merger-related resolutions at an Extraordinary General Meeting on 8 May 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 will also unveil its new logo and corporate identity. It has been designed to demonstrate that Holcim and Lafarge have united to form one company, expressing the leadership and strength of the new group.

"Today's closing is a historic event, not only for our two founding companies, but also for the industry as a whole. LafargeHolcim has a unique business portfolio, is the industry benchmark in research and devlopment 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," said Wolfgang Reitzle, co-chairman (statutory chairman) of the board of directors of LafargeHolcim.

"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 global company but 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 value for all our stakeholders," said Bruno Lafont, co-chairman of the board of directors of LafargeHolcim.

The new LafargeHolcim shares will be traded on the SIX Swiss Exchange as well as the Euronext in Paris as of 14 July 2015. As announced, LafargeHolcim will re-open the public exchange offer to give the remaining Lafarge shareholders the opportunity to also tender their shares. The new offer period will start on 15 July 2015 for a duration of ten trading days until 28 July 2015.