Holcim Ltd has launched the placement of 5 million treasury shares corresponding to approximately 1.5% of outstanding share capital close to market price. Final price fixing will take place in the course of the day.
The closing of the transaction to further strengthen the Group’s balance sheet is expected to take place on or around 30 March 2012. The proceeds from the placement will be used for general corporate purposes.
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Holcim is one of the world's leading suppliers of cement and aggregates (crushed stone, sand and gravel) 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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