The Board of Directors of Holcim Ltd has decided that the agenda for the Annual General Meeting of April 13, 2015, will only contain topics related to Holcim Ltd. This decision has been taken due to pending antitrust clearance in the US and India, pending EU approval of CRH as purchaser of divested assets, as well as delays in the social process in France.
Furthermore, the Holcim Board of Directors has concluded that the combination agreement can no longer be pursued in its present form, and has proposed to enter into negotiations in good faith around the exchange ratio and governance issues. Lafarge has indicated that it refuses to renegotiate, except the exchange ratio. Further details will be communicated in due course.