Paris, France - Lafarge (EURONEXT: LG, NYSE: LR) has launched an American Depositary Receipt (ADR) facility listed on the New York Stock Exchange (NYSE). The Lafarge ADR will trade under the ticker "LR" and represents one-fourth of an ordinary share traded on the Euronext Paris Bourse.
Bertrand Collomb, Chairman and CEO of Lafarge stated: " This listing on the NYSE is another important step in the international development or our Group, expanding our global reach to the US financial markets ".
Commenting about Lafarge's 54% held North American subsidiary, Lafarge Corporation, Collomb added: " I can confirm that we have no plans to increase our shareholding in Lafarge Corporation. It will continue to trade normally on the NYSE."
Lafarge's previous ADR facility traded on the "OTC" (over-the-counter) market at a ratio of three for one. The new ADR is sponsored by JPMorgan and the Registration Statement on Form 20-F filed with the Securities and Exchange Commission is available on the internet site Lafarge.com
Lafarge became the world number one cement producer on 11th July with the completion of its acquisition of Blue Circle Industries PLC.
Lafarge is the worldwide leader in building materials with 85 000 employees in 75 countries. Lafarge holds top-ranking positions in each of its four Divisions: Cement, Aggregates & Concrete, Roofing and Gypsum.