LafargeHolcim today announced that it has successfully implemented the squeeze-out of Lafarge S.A. With this the shares of Lafarge S.A. are now delisted from Euronext Paris as of today. The completion marks an important and final step in the merger process of the Group’s legacy companies and allows LafargeHolcim to continue focusing on delivering the synergies and progress with the integration.
With the successful squeeze-out LafargeHolcim Ltd now owns 100 percent of the share capital and voting rights of Lafarge S.A. Following the re-opened offer period LafargeHolcim Ltd already held 96.41 percent of the share capital and at least 95.25 percent of the voting rights of Lafarge S.A.
LafargeHolcim had offered the remaining shareholders of Lafarge S.A. a cash indemnification of EUR 60 per each Lafarge S.A. share (net of costs) or as an alternative a share indemnification of 9.45 newly issued LafargeHolcim Ltd shares for 10 Lafarge S.A. shares. In this context, LafargeHolcim has issued a total of 633,776 registered shares with a nominal value of CHF 2 each from authorized capital and acquired 10,086,921 shares of Lafarge S.A. for EUR 60 each.
With a well-balanced presence in 90 countries and a focus on cement, aggregates and concrete, LafargeHolcim (SIX Swiss Exchange, Euronext Paris: LHN) is the world leader in the building materials industry. The Group has 115,000 employees around the world and combined net sales of CHF 33 billion (EUR 27 billion) in 2014. LafargeHolcim is the industry benchmark in R&D and serves from the individual homebuilder to the largest and most complex project with the widest range of value-adding products, innovative services and comprehensive building solutions. With a commitment to drive sustainable solutions for better building and infrastructure and to contribute to a higher quality of life, the Group is best positioned to meet the challenges of increasing urbanization.