As announced on April 7, 2014, Holcim and Lafarge entered into a business combination agreement on terms previously agreed and communicated to the press. The agreement is subject to various closing conditions.
The Board of Holcim has taken note of press statements about shareholder reactions relating to the commercial terms of the combination. The Board of Directors of Holcim does not comment on these statements, except to say that no direct quotes are attributable to Holcim.
Any transaction will have to be approved by two-thirds of Holcim's shareholders in an extraordinary general meeting, and two-thirds of Lafarge's shareholders will need to accept Holcim's exchange offer launched pursuant to French takeover rules.
Holcim is one of the world's leading suppliers of cement and aggregates (crushed stone, gravel and sand) as well as further activities such as ready-mix concrete and asphalt including services. The Group holds majority and minority interests in around 70 countries on all continents.
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